suppose a school needs to hire 2 new teachers, but there are 20 recent college graduateas hoping to get a teaching job at that school. what is this an example of?
job surplus
job shortage
economy
expectation
shortage
when the economy does not product enough products or services to meet the needs of the market
surplus
when the economy has more products or services that is needed in the market
i dont know if it is job shortage or job surplus
?
shortage - not enough to go around
surplus - more than enough to go around
so the correct answer is shortage?
There's a shortage of jobs, yes. Two jobs are available, but 20 teachers are applying.
@Writeteacher you read the question wrong lol
To determine whether this situation is an example of a job shortage or job surplus, let's analyze the given information.
In this case, the school needs to hire two new teachers. However, there are 20 recent college graduates hoping to get a teaching job at that school.
A job shortage occurs when there are not enough job opportunities available for the number of people seeking employment. In this scenario, there are only two positions available, but there are 20 individuals looking for a teaching job.
Therefore, this situation represents a job shortage rather than a job surplus.