An Employment Contract of Indefinite Duration Is: ______

question 47

Multiple Choice

An employment contract of indefinite duration is: ______.

• A) terminable at will by the employer.
• B) terminable at will by the employee.
• C) terminable at will by both the employer and the employee.
• D) invalid.

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Definitions:

Equilibrium Value

The point at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Opportunity Cost

Whatever must be given up to obtain some item.

Holding Currency

The practice of keeping money in the form of cash or liquid assets as opposed to investing or depositing it.

MPC

Marginal Propensity to Consume refers to the proportion of an increase in income that gets spent on consumption of goods and services, as opposed to being saved.