Suppose a school needs to hire 2 new teachers, but there are 20 recent college graduates hoping to get a teaching job at that school. What is this an example of? how did you get your answer.(1 point)

job surplus

job shortage

economy

expectation

This scenario is an example of a job shortage. The school needing to hire 2 new teachers indicates that there are fewer job opportunities than there are job seekers.

This is an example of a job shortage. I arrived at this answer because the number of available teaching positions (2) is less than the number of applicants (20), indicating that there is more demand for jobs than there are available opportunities.