When a Conditional Job Offer Letter Is Used, a Legally

question 7

Multiple Choice

When a conditional job offer letter is used, a legally binding employment agreement takes effect only when the employee accepts the terms of the job offer letter and

• A) begins his or her first day of work.
• B) fulfills any requirements identified in the letter.
• C) returns a signed copy of the letter to the employer.
• D) formally notifies his or her former employer of the intent to resign.

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Definitions:

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs on trade between them.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced over a specific time period.

Protectionism

An economic policy of restricting imports from other countries through methods such as tariffs and quotas to protect domestic industries.

Frederic Bastiat

A French economist and writer known for his advocacy of free markets and his critique of protectionism.