An Employee Who Has Not Been Hired for More Than

question 47

Multiple Choice

An employee who has not been hired for more than a year can be fired by the employer for any reason or for no reason. This is the doctrine of:

• A)self employed.
• B)employment-at-will.
• C)contractual employed.
• D)whistleblowers.

---

Definitions:

Surplus

The amount of a good that is available exceeds the quantity demanded at the current price.

Price

Price is the amount of money required to purchase a good or service, determined by factors such as supply and demand, production costs, and market competition.

Surplus

Surplus refers to the situation where the quantity of a good or service supplied exceeds the quantity demanded, often leading to a decrease in prices.

Producer Surplus

Producer surplus is the difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting the profit earned above production costs.