Constitutional Economists

question 53

Multiple Choice

Constitutional economists

• A) assert that within a given set of institutions,constraints,laws and rules,outcomes might be the same no matter who is elected to office.
• B) study the type of constraints that individuals might seek to place upon themselves in order to achieve some objective that doesn't seem achievable in a non-constrainable environment.
• C) assert that better outcomes arise from changing the political party in power at any given point in time than from changing institutions and constraints.
• D) b and c
• E) a and b

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Definitions:

Internal Supply

The availability of existing employees within an organization who can be trained or promoted to fill vacancies.

Human Resources

The department within an organization that is responsible for hiring, training, managing, and retaining employees.

Markov Analysis

A statistical technique used to predict future states of a system based on its current state and known transition probabilities, often applied in workforce planning and decision making.

Talent Management

The ongoing process of identifying, hiring, developing, and retaining employees who are considered to be of high value to an organization.