In the Ptolemaic (Greek)model of the Universe, ________

question 46

Multiple Choice

In the Ptolemaic (Greek) model of the universe, ________.

• A)Earth was flat
• B)Earth was at the center of the universe
• C)the Sun was at the center of the solar system
• D)Earth rotated on its axis to produce night and day

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Definitions:

Resource (Labor)

Human effort, both physical and mental, used in the production of goods and services.

Short Run

A period of time in economics during which at least one factor of production is fixed, limiting the capacity to adjust to changes in demand or market conditions.

Long Run

Describes a period in which all factors of production and costs are variable, allowing for the adjustment of all inputs and technology by firms.

Fixed Resource

Refers to a factor of production that remains constant, regardless of the level of output or activity in the short term.