Which Principle Underlies the Interaction of Individual Choices

question 44

Multiple Choice

Which principle underlies the interaction of individual choices?

• A)Choices are necessary because resources are scarce.
• B)There are gains from trade.
• C)"How Much" is a decision at the margin
• D)People usually respond to incentives,exploiting opportunities to make themselves better off.

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Definitions:

Terminations

The act of ending an employee's contract with an organization, which can be voluntary (resignation) or involuntary (dismissal or layoffs).

Discharges

The formal termination of an employee's position within a company, often due to redundancy or disciplinary reasons.

Outplacement

A service provided by some organizations to help former employees transition to new jobs following layoffs or terminations.

Employee Polygraph Protection Act

A federal law that prohibits most private employers from using lie detector tests, either for pre-employment screening or during the course of employment.