An Input Whose Quantity CANNOT Be Changed in the Short

question 167

Multiple Choice

An input whose quantity CANNOT be changed in the short run is:

• A)marginal.
• B)fixed.
• C)incremental.
• D)variable.

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Definitions:

French Indochina

A colonial territory of France in Southeast Asia from the late 19th century to 1954, comprising modern-day Vietnam, Laos, and Cambodia.

Petroleum Sales

The commercial activity of buying and selling crude oil and its derivatives, a crucial part of the global economy and energy sector.

Japanese Attack

Refers commonly to the surprise military strike by Japan on Pearl Harbor in 1941, leading to the United States' entry into World War II.

Hawaii

A U.S. state located in the Pacific Ocean, known for its diverse natural scenery, warm tropical climate, and rich cultural history.