Which of the Following Is a Short Run Adjustment

question 84

Multiple Choice

Which of the following is a short run adjustment?

• A)A bakery hiring two additional bakers
• B)Two new firms entering the textile industry
• C)Three firms leaving the bicycle industry
• D)A computer hardware company building a new factory
• E)A printing press installing a new printing machine

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Definitions:

Wage Rate

This refers to the amount of money paid for a specific quantity of labor, often expressed on an hourly, daily, or piecework basis.

Temporary Assistance for Needy Families

A federal assistance program in the United States designed to help needy families achieve self-sufficiency through financial aid and support services.

TANF

stands for Temporary Assistance for Needy Families, a program that provides financial help to low-income families in the United States.

Welfare Program

Governmental programs designed to support individuals or families in need, offering financial or other aid.