When People Are Standing in Line for Jobs and There

question 66

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.

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Definitions:

Bank Interest

The amount paid to depositors for holding their money in a bank account, or the amount charged to borrowers for taking out a loan.

Annual Payments

Recurring payments made once a year, often related to loans, insurance premiums, or obligations.

Term Loan

A loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.

Annual Payments

Regular payments made once a year, often used in the context of loans, leases, or annuities.