With the Overabundance of Applicants Now Found on Most Online

question 82

Multiple Choice

With the overabundance of applicants now found on most online job boards, employers now use

• A)workopolis.ca.
• B)Monster.ca.
• C)their own corporate websites to recruit.
• D)application service providers.
• E)print advertising.

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Definitions:

Allocatively Inefficient

A situation where resources are not allocated in a way that maximizes the total benefits to society, often leading to overproduction or underproduction of certain goods.

Productively Inefficient

A situation in which a producer cannot produce a desired output at the lowest possible cost, indicating a waste of resources.

Collusive Practices

Actions taken by competing companies to work together secretly to increase prices or reduce competition, which is illegal in many jurisdictions.

Economic Inefficiency

arises when resources are not allocated in a way that maximizes the potential output or when there is a failure to fully utilize resources, resulting in lost potential gains.