When People Are Standing in Line for Jobs and There

question 63

Multiple Choice

When people are standing in line for jobs and there are more applicants than jobs,then the labor market is characterized by a

• A)Shortage of jobs from the point of view of the buyer in the labor market.
• B)Surplus of jobs from the point of view of the seller in the labor market.
• C)Surplus of labor.
• D)Shortage of labor.

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Definitions:

Required Rate

The minimum expected return by investors to make an investment worthwhile, considering the risk involved.

CCA Class

Pertains to a classification system for tax purposes, grouping assets with similar characteristics for capital cost allowance claims in Canada.

Net Present Value

Net present value is a financial metric that calculates the value of a series of cash flows by discounting them back to their present value using a specific rate.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and not expected to be converted into cash in the short term, like buildings, machinery, and land.