Resource Management for the Poor of the World Is Most

question 76

Multiple Choice

Resource management for the poor of the world is most vital as it relates to

• A)investment by developed nations.
• B)the generation of taxes for the government.
• C)common-pool resources.
• D)family planning.

---

Definitions:

Variable Input

A factor of production, such as labor or raw materials, whose quantity can be changed easily by a business to adjust to the level of output.

Short Run

Short Run is a time period in economics during which at least one input is fixed while others are variable.

Fixed Input

A factor of production that cannot be easily increased or decreased in the short term, such as land or machinery.

Short Run

A period in which at least one input in the production process is fixed, limiting the ability of the firm to adjust production levels.