The Short Run Refers to a Time Period

question 119

Multiple Choice

The short run refers to a time period

• A)of one year or less.
• B)in which all factors of production are variable.
• C)in which all factors of production are fixed.
• D)in which some factors of production are variable,but at least one factor of production is fixed.
• E)in which all factors of production are variable,but the technology is fixed.

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Definitions:

Secondary Sex Characteristics

Traits that distinguish the two sexes of a species, but are not directly involved in reproduction, such as facial hair in males or widened hips in females.

Testosterone

A steroid hormone produced mainly in the testes in males and the ovaries in females, playing a key role in the development of male reproductive tissues and secondary sexual characteristics.

Estrogen

A group of steroid hormones that play a critical role in the development and regulation of the female reproductive system and secondary sexual characteristics.

Cortisone

A glucocorticoid hormone used as a medication to treat inflammation, allergies, and rheumatoid arthritis among other conditions.