To Economists, the Main Differences Between "The Short Run" and "The

question 125

Multiple Choice

To economists, the main differences between "the short run" and "the long run" are that

• A)the law of diminishing returns applies in the long run, but not in the short run.
• B)in the short run all resources are fixed, while in the long run all resources are variable.
• C)fixed inputs are more important to decision making in the long run than they are in the short run.
• D)in the long run all resources are variable, while in the short run at least one resource is fixed.

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Definitions:

Muscular Coordination

The harmonious functioning of muscles or groups of muscles in the execution of movements.

MD

An abbreviation for Doctor of Medicine, a professional doctoral degree for physicians and surgeons.

FMS

Fibromyalgia Syndrome, a chronic disorder characterized by widespread musculoskeletal pain, fatigue, and tenderness in localized areas.

Flexes

The action of bending a limb or muscle.