In Economics,the Short Run Is

question 280

Multiple Choice

In economics,the short run is:

• A)less than 1 week.
• B)less than 1 month.
• C)enough time to vary output but not plant capacity.
• D)enough time to change all inputs to production.

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Definitions:

Fight-or-flight Response

A physiological reaction to perceived harm or threat, mobilizing the body for fighting or fleeing.

Social Evolution

The gradual development and progression of societies and cultures over time through mechanisms such as adaptation, selection, and innovation.

Biological Evolution

The process through which species of organisms undergo changes over time through genetic variation and natural selection.

Physiological Response

A natural, automatic bodily reaction to stimuli, which can include changes in heart rate, hormone levels, or muscle tension.