Question

which of the following describes a job surplus? (1 point) a job surplus occurs when the demand for jobs is higher than the demand for labor. a job surplus occurs when the demand for labor is greater than the demand for jobs. a job surplus occurs when the number of job applicants forces a labor push economy. a job surplus occurs when the changes in prices and quantities of products change the job market.

Explanation:

In economics, a job surplus (also known as a labor surplus) occurs when the supply of labor (number of people willing to work) is greater than the demand for labor (number of jobs available). This can be re - phrased as the demand for labor being less than the supply (or in terms of the given options, when the demand for labor is less than the "demand for jobs" where "demand for jobs" can be thought of as the number of workers seeking employment).

Answer:

A job surplus occurs when the demand for labor is greater than the demand for jobs.