Tightening Your Writing Should Always Result in a Shorter Document

question 37

True/False

Tightening your writing should always result in a shorter document.

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Definitions:

Resources Required

The inputs needed for the production of goods or services, including time, labor, capital, and materials.

Long-Run Adjustment

The process of economic agents fully adapting to changes in conditions or policies over time, reaching a new equilibrium.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the additional amount earned beyond the next best alternative.

Economies of Scale

Cost advantages that a business can achieve by increasing the scale of production, leading to a lower cost per unit of output.