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John earned a PhD in biomedical engineering, and works full-time as a faculty member at the local university. He also does some private consulting work on the side. He would like to give up teaching and do consulting full-time, but he fears there isn't enough demand for it. The best way to describe John is to say he is:
Adverse Selection
A situation where asymmetric information leads to the selection of undesirable risks or goods, particularly noticeable in insurance and finance markets.
Labor Market
The supply and demand for labor, where employers seek to hire employees, and individuals offer their work or services.
Screening
The process of evaluating or examining something to ascertain its condition or identify the presence of something.
Signals
Actions or indicators that convey information or intentions in various contexts, such as economics, where they can indicate future behavior or trends.
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