Only ________ Percent of the U

question 65

Multiple Choice

Only ________ percent of the U.S.population is served by a system of sewers and adequate water treatment plants.

• A)40
• B)50
• C)60
• D)70

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Definitions:

Price Change

Refers to the variation in the cost of a good or service over time.

Short Run

A period in economics during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period in economics where all factors of production and costs are variable, allowing for complete industry adjustment.

Fixed Inputs

Resources or factors of production that cannot be increased or decreased in the short run, often including capital and land.