The Long-Run Is

question 1

Multiple Choice

The long-run is:

• A)a time period in which all input levels are fixed.
• B)a time period in which at least one input level is fixed.
• C)one year.
• D)a time period in which no input levels are fixed.

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Definitions:

Erg

A unit of energy in the centimeter-gram-second (CGS) system, equivalent to the work done by a force of one dyne exerted for a distance of one centimeter.

Basic Drive

Fundamental motivational forces that drive behavior, such as hunger, thirst, sex, and avoidance of pain.

Personality Development

The growth and change in an individual’s character and behavioral traits over their lifespan.

Cattell

Raymond Cattell was a psychologist known for his research on personality theory and his development of the 16 Personality Factor (16PF) questionnaire.