Which of the Following Is an Example of a Long-Run

question 300

Multiple Choice

Which of the following is an example of a long-run adjustment?

• A) Your university offers Saturday morning classes next fall.
• B) Ford Motor Company lays off 2,000 assembly line workers.
• C) A soybean farmer turns on the irrigation system after a month long dry spell.
• D) Wal-Mart builds another Supercenter.

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Definitions:

Psychological Traits

Enduring characteristics of individuals that influence their behavior, thoughts, and emotions.

Unconscious Motivation

A driving force behind behaviors that originates from desires or impulses not within one's conscious awareness.

Birth Cohort

A group of individuals born within a specific time period who experience particular social and historical events at a similar stage in life.

Authoritarianism

A governing or leadership style characterized by absolute or blind obedience to authority, as against individual freedom and related to the expectation of unquestioned obedience.