Answer to Question #192712 in Economics for Zukile

Question

1.18 Which one of the following is not a characteristic of a primary internal labour market?

[1] Access is usually severely restricted and is only possible at the bottom level.

[2] Skilled jobs are often filled by promotion from within the enterprise.

[3] Promotion is often determined by the company's bureaucratic and rigid rules.

[4] Employers have little incentive to train workers.

[5] Workers enjoy job security. 

Answer 1

Internal labor markets are those where workers are hired into entry level jobs and higher levels are filled from within.

The primary labor market is a market that generally consists of high-wage paying jobs, social security, and longer-lasting careers, but others define it as jobs that "require formal education", but in addition to white collar jobs like teaching, accounting, and the law, it also includes the skilled trades.

So, the correct answer is [4].