Intel Corporation, a Major Manufacturer of Microchips, Saw the Demand

Multiple Choice

Intel Corporation, a major manufacturer of microchips, saw the demand for its product drop by 25%. Even though the demand for its product decreased, Intel did not cut the wages of its nonunionized workers. This is an example of

A) employment-at-will.
B) an implicit or social contract not to cut wages.
C) an explicit contract not to cut wages.
D) a relative-wage contract.