Which of the Following Represents a Long-Run Adjustment

question 4

Multiple Choice

Which of the following represents a long-run adjustment?

• A) the hiring of four additional cashiers by a supermarket
• B) a cutback on purchases of coke and iron ore by a steel manufacturer
• C) construction of a new assembly-line plant by a car manufacturer
• D) the extra dose of fertilizer used by a farmer on his wheat crop

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Definitions:

Reliant

Depending on someone or something for support, assistance, or supply.

Declarative Memory

The aspect of human memory that stores facts and events, making it possible for individuals to consciously recall and articulate their knowledge.

Episodic Memory

A form of memory that deals with remembering distinct events, conditions, and personal experiences over a prolonged period.

Semantic Memory

A type of long-term memory involving the ability to remember meanings, concepts, facts, and general knowledge about the world.