Which of the Following Is True of Many, If Not

question 56

Multiple Choice

Which of the following is true of many, if not most, states?

• A) Most states are divided internally.
• B) Most states are highly penetrated from abroad.
• C) Most states are not tightly unified.
• D) Most states are not capable of acting as a single body with a common purpose.
• E) All of the above are true.

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Definitions:

Short Run

A period of time in which at least one input, typically capital, is fixed, and producers can only adjust the variable inputs like labor.

Long Run

A period in economics during which all inputs and operations can be varied, allowing for the adjustment to changes in market conditions or demand.

Very Long Run

In microeconomics, a period of time long enough that technology can change and firms can introduce new products.