In Reality, the Long Run Supply Curve Tends to Be

question 62

Multiple Choice

In reality, the long run supply curve tends to be:

• A)perfectly elastic.
• B)perfectly inelastic.
• C)upward sloping.
• D)downward sloping.

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Definitions:

Forced-Distribution Method

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Performance Ratings

Assessments of an employee's job performance, often used for feedback, development, and decisions about promotions or raises.

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A compensation strategy that involves giving employees pay increases based on their performance achievements, as an incentive for productivity and excellence.

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A strategic approach to identifying one's career goals and outlining the steps and resources necessary to achieve them.