Which One of the Following Statements Is MOST Accurate

question 4

Multiple Choice

Which one of the following statements is MOST accurate?

• A) In the long run, foreign output depends only on the available domestic supplies of factors of production.
• B) In the short run, domestic output depends only on the available domestic supplies of factors of production.
• C) In the long run, domestic output depends only on the available domestic supplies of factors of production.
• D) In the long run and in the short run, domestic output depends only on the available domestic supplies of factors of production.
• E) In the long run, domestic output depends only on the real exchange rate.

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Definitions:

Frequency

The number of occurrences of a repeating event per unit of time, often used in the context of waves (e.g., sound waves, electromagnetic waves).

Inversely Proportional

A relationship between two variables where as one variable increases, the other variable decreases at a corresponding rate.

Directly Proportional

A relationship between two variables where if one increases, the other does as well, by a constant factor.

Electromagnetic Spectrum

The range of all types of electromagnetic radiation, including radio waves, microwaves, infrared, visible light, ultraviolet, X-rays, and gamma rays.