Because of Aging Requirements It Takes Many Years to Make

question 188

Multiple Choice

Because of aging requirements it takes many years to make good Scotch. If a technology were invented that made it possible to create good Scotch literally overnight, how would the short-run supply of good Scotch change?

• A) It would become more elastic.
• B) It would become less elastic.
• C) Its elasticity would remain the same.
• D) It is impossible to say anything about the change.

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Definitions:

Demonstrated Benevolence

Evident actions or behavior by an individual showing goodwill, kindness, and a willingness to do good towards others.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, by the very terms of the prophecy itself, due to positive feedback between belief and behavior.

Virtual Teams

Groups of people who work together from different geographical locations, connected by technology such as email, videoconference, and collaborative software.

Reliable

Worthy of trust; consistently good in quality or performance; able to be depended on.