One Way of Enforcing Incomplete Contracts with Employees Is for fiRms

question 1

Multiple Choice

One way of enforcing incomplete contracts with employees is for firms to _____.

• A) grant them permanent employment within the firm
• B) review their performance periodically
• C) implement a system of promotions based on seniority
• D) provide them with fringe benefits

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Definitions:

Reproductive

Pertaining to or capable of producing offspring.

Future Trends

Predictions or projections about the direction of developments or occurrences in any field over upcoming periods.

Demographic Transition Model

A theory that describes the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Birth Rates

The number of live births per thousand of the population in a given period, often used to measure population growth.