The Qin Dynasty

question 67

Multiple Choice

The Qin dynasty

• A)permitted all philosophies to compete freely for public acceptance.
• B)had a shy, highly religious Buddhist as its first ruler.
• C)lasted exactly four hundred years.
• D)carried out public book burnings.
• E)developed the first direct democracy in human history.

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Definitions:

Short Run

In economics, a period where at least one input, such as plant size or capital, is fixed and cannot be changed, contrasting with the long run where all inputs can vary.

Short Run

A period of time in economics during which at least one input is fixed, limiting the immediate capacity of businesses to adjust to market changes.

Losses

Financial reductions resulting from the operation of a business, particularly when expenses exceed revenues.

Shut Down

In economics, shut down refers to a short-term decision by a firm to cease production because operating costs exceed the revenue generated, particularly when prices fall below variable costs.