Which of the following is NOT an assumption underlying market theory?
A. Human beings are motivated by economic wants.
B. Prices are set by government.
C. People have perfect information on which to make rational economic choices.
D. There is perfect competition.
Question 2
Plaintiff sued a city college that terminated his employment without affording him a hearing on the grounds for his dismissal. The defendant college argued to the trial judge that as the plaintiff was an at-will employee without tenure, without a contract of employment, and without any promise of continued employment, he had no property interest in his continued employment and was not entitled to due process prior to dismissal. Before trial, the defendant college asked the judge to rule as a matter of law that it should prevail, as the fact of his at-will employment status was undisputed. If the trial judge believes that the plaintiff indeed had no reasonable expectation of continued employment, hence no property interest and no entitlement to constitutional due process, what should he do?
a. Grant the defendant's motion for summary judgment.
b. Grant summary judgment in favor of the plaintiff.
c. Grant the defendant's motion for a directed verdict.
d. Grant plaintiff's motion to JNOV.
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