Which of the Following Is an Example of a Long-Run

question 300

Multiple Choice

Which of the following is an example of a long-run adjustment?

• A) Your university offers Saturday morning classes next fall.
• B) Ford Motor Company lays off 2,000 assembly line workers.
• C) A soybean farmer turns on the irrigation system after a month long dry spell.
• D) Wal-Mart builds another Supercenter.

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Definitions:

Transmission

The act or process by which something is conveyed or passed on from one place, person, or thing to another.

Decay

The process of decline or deterioration, often used in reference to organic matter breaking down over time.

Processing

The series of actions or steps taken in order to achieve a particular end, often used in the context of information or data handling.

Continuum

A continuous sequence in which adjacent elements are not perceptibly different from each other, but the extremes are quite distinct.