When New Professors Are Hired, Their Job Performance Is Monitored

Multiple Choice

When new professors are hired, their job performance is monitored closely. If they meet their institution's standards, they will eventually receive tenure. After receiving tenure, professors' job performance is less closely monitored, and they become difficult to fire. Tenure thus creates

A) adverse selection.
B) a Condorcet paradox.
C) a screening problem.
D) a moral hazard problem.