Which of the Following Is the Best Example of a Short-Run

question 83

Multiple Choice

Which of the following is the best example of a short-run adjustment?

• A)A local bakery purchases another commercial oven as part of its capacity expansion.
• B)Your local Walmart hires two more associates.
• C)Smith University completed negotiations to acquire a large piece of land to build its new library.
• D)Toyota builds a new assembly plant in Texas.

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Definitions:

Just-World Phenomenon

The cognitive bias to believe that the world is inherently fair and people get what they deserve.

Enslaved People

Enslaved people refers to individuals who are forced to work without freedom or personal rights, typically under harsh conditions, historically or in modern contexts.

Outgroup Homogeneity

The perception that members of a group different from one's own are more similar to each other than are members of one's ingroup.

Other-Race Effect

The tendency to more easily recognize faces of the race that one is most familiar with.