Asked by Stacie Batchelor on Jun 10, 2024

verifed

Verified

The demand for carpenters far outstrips the supply in British Columbia.In fact,many of the construction companies are relying on the international market to fill vacancies.Which term best describes the labour market for carpenters in British Columbia?

A) tight
B) loose
C) contingent
D) contractual

Labour Market

The labour market refers to the supply of labor available to meet the demand for workers by employers.

International Market

The vast expanse of global trade and commerce, where businesses from different countries buy, sell, and exchange goods and services.

Carpenters

Skilled craftspeople who cut, shape, and install building materials during the construction of buildings, ships, timber bridges, concrete formwork, etc.

  • Recognize the characteristics of labor markets and how they affect hiring practices, including the implications of tight and loose markets.
verifed

Verified Answer

RG
Rushell GrahamJun 11, 2024
Final Answer :
A
Explanation :
The fact that the demand for carpenters far outstrips the supply suggests that the labour market is tight. This means that there are more job vacancies than there are carpenters available to fill them, leading to increased competition among employers for skilled workers.