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:

Train Manufacturer

A company that specializes in the production and assembly of trains and related railway equipment.

Airplane Manufacturer

A company or entity involved in the designing, building, and selling of aircraft.

Planning

The process of defining goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities.

Business Strategy

A plan of action designed to achieve specific long-term goals and objectives, guiding the direction of a business's efforts.