Which of the Following Is True of an Input That

question 61

Multiple Choice

Which of the following is true of an input that is hired by firms in several industries in the long run?

• A)The price of the input is higher in the industry where demand for the input is higher.
• B)The price of the input is higher in the industry where the elasticity of demand for the input is higher.
• C)The price of the input will remain the same across all the industries.
• D)The price of the input will be higher in the industry that has a large number of firms.

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Definitions:

Social Readjustment Rating Scale

A scale that measures the amount of stress in one's life caused by major life changes, helping to predict the risk of stress-induced illness.

Life-Stress Reactions

Psychological and physical responses to life stressors that can vary in intensity and duration, affecting an individual's coping mechanism and overall well-being.

Stressful Event

A situation or occurrence that significantly strains an individual's coping mechanisms or emotional resources.

Stress and Illness

The relationship between stress and its effects on physical health, often emphasizing how chronic stress can lead to various illnesses.