When New Professors Are Hired, Their Job Performance Is Monitored

question 149

Multiple Choice

When new professors are hired, their job performance is monitored closely. If they meet their institution's standards, they will eventually receive tenure. After receiving tenure, professors' job performance is less closely monitored, and they become difficult to fire. Tenure thus creates

• A)adverse selection.
• B)a Condorcet paradox.
• C)a screening problem.
• D)a moral hazard problem.

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Definitions:

Moore's Law

The observation that the number of transistors in a dense integrated circuit doubles approximately every two years, leading to continuous increases in computing power.

Fat Client

A computer that typically has its own CPU, storage, and network connectivity, and can perform the bulk of processing tasks independently of a server.

Thin Client

A minimal and low-performance computer that relies on a network connection to a central server for processing and storage tasks.

Wearable Computer

A miniature computer worn by a person allowing the users to multitask.