During an Interview,the Hiring Manager Tells the Job Candidate,"You'll Always

question 3

Multiple Choice

During an interview,the hiring manager tells the job candidate,"You'll always have a job here." That statement most likely constitutes a(n) :

• A) employment-at-will statement.
• B) granting of residual rights.
• C) psychological contract.
• D) implied contract.

---

Definitions:

First Theorem of Welfare Economics

A principle stating that under certain conditions, a market in equilibrium will allocate resources efficiently in a way that maximizes total social welfare.

Competitive Equilibrium

A market state where supply equals demand, leaving no incentive for price changes as long as external conditions remain constant.

Homothetic Preferences

Preferences where if a consumer prefers a bundle of goods A to B, they will also prefer a scaled-up version of A to the same scale-up of B, maintaining the same proportions.

Marginal Rate of Substitution

How quickly a consumer agrees to trade one good for another, aiming to keep their level of pleasure steady.