Which of the Following Is a Short-Run Decision

question 15

Multiple Choice

Which of the following is a short-run decision?

• A) Because of an increase in enrollment, the economics department hires two new professors.
• B) After a new classroom building is built, the economics department hires two new professors.
• C) Your college builds a new classroom building.
• D) The economics department buys new computers for the professors.

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Definitions:

Illegal Immigrants

Individuals who enter or reside in a country without the legal permission or in violation of the immigration laws of that country.

Minimum Wage Laws

Legislation that sets the lowest hourly rate of pay that employers can legally pay their workers, intended to protect employees from unduly low pay.

Scholarly Estimates

Quantitative or qualitative assessments made by academic researchers based on evidence and reasoning in a specific field of study.

American Wage

Refers to the average compensation, including salaries and benefits, received by workers in the United States.