Assume a Factory That Currently Employs 25 Workers and Owns

question 43

Multiple Choice

Assume a factory that currently employs 25 workers and owns a factory with 10,000 square feet of floor space is considering doubling the size of its factory.Economists would classify this as:

• A)a short-run decision.
• B)a long-run decision.
• C)neither a short-run nor a long-run decision.
• D)both a short-run and a long-run decision.

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Definitions:

Criminal Actions

Legal proceedings brought by the state against an individual or corporation for conduct considered offensive against society as a whole.

Fraud

Wrongful or criminal deception intended to result in financial or personal gain.

Scienter

A legal term referring to the knowledge of the wrongful nature of one's own act or omission.

Burden of Proof

The obligation to prove one's assertion or claim in a court of law.