Which of the Following Is a Long-Run Adjustment

question 165

Multiple Choice

Which of the following is a long-run adjustment?

• A)A new economics professor is hired on campus.
• B)General Motors increases its orders for steel.
• C)Microsoft cuts back its hiring of new graduates.
• D)Glow Electric disassembles one of its nuclear power plants.
• E)Texaco buys more crude oil to refine into gasoline.

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Definitions:

Introspection

The process of examining one's own thoughts and feelings.

Discovery

The act of finding something not previously known or recognized; in legal contexts, it involves the pre-trial process where parties obtain evidence from each other.

Social Pressure

A form of influence exerted by a social group or society encouraging conformity to its norms and values.

Domination

The exercise of control or authority over others, often in a manner that limits freedom and self-determination.