Economics · Dual Labor Market Theory
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The Dual Labor Market Theory posits that wage differentials are explained by the segmentation of the labor market into two distinct sectors: the primary (core) market and the secondary (peripheral) market. Reason R: Workers in the primary market receive higher wages, better benefits, and job security, while those in the secondary market face lower wages, limited benefits, and job insecurity. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A✓
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct
- 4A is not correct but R is correct
Correct answer
Both A and R are correct and R is the correct explanation of A
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