Examlex
Which of the following is NOT a way that hiring practices have changed over the past few decades?
Diseconomies of Scale
The phenomenon where production costs per unit increase as an operation scales up, typically due to inefficiencies or increased complexities.
Long-Run
The long-run refers to a period in economics where all factors of production and costs are variable, allowing all inputs to be adjusted.
Short-Run
A period in economics during which at least one factor of production is fixed, focusing on immediate effects and adjustments.
Spreading Effect
A phenomenon in economics where an initial investment leads to additional benefits that spread beyond the immediate context, often stimulating further economic activity.
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