Throughout History an Investment in ________ Has Yielded an Excellent

question 166

Multiple Choice

Throughout history an investment in ________ has yielded an excellent return, regardless of the state of the economy or political changes.

• A) antiques
• B) a good education
• C) government bonds
• D) savings accounts

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Definitions:

Long Run

A period in which all factors of production and costs are variable, allowing firms and the economy to adjust to changes fully.

Sales

encompasses the transactions of selling goods or services to consumers in exchange for money or other compensations.

Fixed Costs

Expenses that do not change with the level of output or sales over a relevant period, such as rent, salaries, and loan payments.

Short Run

A period in which at least one input, such as plant size or capital equipment, in the production process is fixed.