Examlex
Just-world beliefs involve faulty thinking that amounts to blaming people who are victims of prejudice and discrimination for their own plight.
Production
The process or method of creating goods and services through the combination of labor, materials, and technology.
Fixed Inputs
Resources in production that remain constant in quantity regardless of the level of output or activity.
Variable Inputs
Resources used in production that vary with the level of output, such as raw materials.
Short-Run
A period of time in economics where at least one input is fixed, limiting the ability to fully adjust to market changes.
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