A Fixed Input Is One

question 144

Multiple Choice

A fixed input is one:

• A) that exists in nature, and there is only so much of it.
• B) that can be used for one thing only.
• C) that can never produce more or less in any period.
• D) whose quantity cannot be changed in the short run.

---

Definitions:

1970s

A decade known for major economic changes, including shifts in political ideologies, oil crises, and the movement towards globalization.

1990s

A decade characterized by significant technological advancement, globalization, and cultural shifts, spanning from 1990 to 1999.

Trade Pact

is an agreement between two or more nations regarding the conditions of trade between them, often aiming to reduce barriers and increase trade.

Mexico

A country located in the southern part of North America, known for its rich cultural heritage, diverse landscapes, and as the 11th most populous country in the world.