Which of the Following Is False About Short-Run and Long-Run

question 165

Multiple Choice

Which of the following is false about short-run and long-run pricing decisions?

• A)Short-run decisions include pricing for a special order with no long-term implications.
• B)Short-run decisions typically have a time horizon of six months or less.
• C)Long-run decisions include pricing a main product in a major market.
• D)Long-run decisions include pricing for a special order with no short-term implications.

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Definitions:

Employment Level

A measure of the number of people in a workforce who are currently employed.

Illegal Immigrants

Individuals who enter or reside in a country without the proper authorization or legal permission.

Domestic-Born Workers

Individuals born in the country where they are working, as opposed to workers who have migrated from other countries.

Legal Immigrant

An individual who has been granted authorization to live and often work in a country other than their country of nationality, through legal channels.