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.What does tenure create
A) adverse selection
B) Condorcet's paradox
C) a screening paradox
D) moral hazard
Correct Answer:
Verified
Correct Answer:
Verified
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