CASE STUDY 2

Job applicants usingAngelList Talent, the largest online recruitment platform for private and entrepreneurial companies in the United States, began shifting their job searches to larger firms after federal officials declared a national state of emergency on March 13 due to COVID-19. Experienced and higher-quality talent were among those fleeing to large companies, leaving young startups with a smaller and lower-quality pool of talent to draw from, write the authors of a recent working paper titledFlight to Safety: How Economic Downturns Affect Talent Flows to Startups(pdf).

This has important implications, saysShai Bernstein, an associate professor of business administration in the Entrepreneurial Unit at Harvard Business School, who coauthored the study. "[It] means not only that the pool of potential human capital for startup companies began declining when COVID started, but also that the quality of the pool has deteriorated," he says. "The incumbent [companies], just by nature of having more cash or by being more established, are perceived safer during the crisis, and suddenly have a unique advantage in terms of attracting talent."

Bernstein teamed up with Richard R. Townsend from the University of California San Diego and Ting Xu from the University of Virginia to study nearly 84,000 job applicants who were active on the AngelList platform between February 5 and June 18, 2020.

Researchers used the number of years a candidate has spent in their current role, as well as a proprietary score created by AngelList that includes experience, education, skills, and job area to categorize a job seeker as having high-quality talent.

1. Which of the __________ distinguishing can happen both in __________picture-perfect opposition and in monopoly____________

2. A factory owner or a _________ should agree to take reserves that offer charges of return _____ their occasion costs of investment.

3. When price __________, the measure wanted commonly tends to reduction for the reason that of:

I. income effect

II. substitution effect

4. Uncertainty there are vicissitudes in factors other than a produce's own price that disturb the quantity acquired, the singularities is dubbed as

5. An increase in supply generally _____ price and _____ quantity demanded.

6. Marginal revenue (MR) is _____ when demand is elastic, _____ when demand is unit-elastic, and _____ when demand is inelastic.

7. The incidence and the influence ______of the sales taxes which are made is ________

8. The greatest indirect taxes revenue ______which are being collected can be made by__________

9. The bucket which consist of the major significance __________-currencies is named as ________

10. The direct exchange of services and goods for the another goods and services can also be termed as ______________