The Long Run Is a Planning Period

question 15

Multiple Choice

The long run is a planning period:

• A)over which a firm can consider all inputs as variable.
• B)that is at least 5 years in length.
• C)that must be over 6 months in length.
• D)that must be between 6 months and 5 years.

---

Definitions:

Terrorism

The use of violence and intimidation, especially against civilians, in the pursuit of political aims.

Fastest-Growing Ethnic Minority

Refers to the ethnic or racial group within a given nation or area that is increasing in population at a rate higher than other groups over a specific period.

Asian Americans

Refers to Americans of Asian descent, representing a diverse group with roots in many different countries and cultures, contributing significantly to the social, economic, and cultural fabric of the United States.

Latinos

Individuals in the United States with cultural, historical, or ancestral ties to Latin America, including people of Central and South American, Mexican, and Caribbean heritage.