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.

---

Definitions:

Foreland Basin

A structural basin located in front of mountain ranges, formed by the earth's crust flexing downward due to the weight of thrust sheets.

Island Arc

An arc of volcanic islands that forms along the edge of a tectonic plate, usually above a plate that is being subducted.

Rifting

The process by which the Earth's crust is stretched and broken apart, leading to the formation of rift valleys and, eventually, new ocean basins.

Mesozoic

The geological era between 252 to 66 million years ago, known for the dominance of dinosaurs.