Which of These Is an Advantage of Long-Term Contracts in Resource

question 36

Multiple Choice

Which of these is an advantage of long-term contracts in resource markets?

• A)Long-term contracts decrease the duration of recessionary gaps.
• B)Long-term contracts reduce unemployment below its natural rate.
• C)Long-term contracts help avoid recession in an economy.
• D)Long-term contracts increase the flexibility of nominal wages.
• E)Long-term contracts reduce the average cost of negotiation.

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Definitions:

Proximal Convoluted Tubule

The portion of the nephron in the kidney which is involved in the reabsorption of water, sodium, and other substances from the filtered fluid.

Cotransported

The process by which two or more substances are simultaneously transported across a cell membrane by a single carrier protein.

Sodium and Chloride

Essential electrolytes in the body that help maintain fluid balance, nerve transmission, and muscle function.

Potassium Ions

Positively charged ions of potassium, vital for cellular functions, particularly in nerve impulse transmission and muscle contraction.