Knowing That in the Real World, the Demand for Goods

question 23

Multiple Choice

Knowing that in the real world, the demand for goods and services could change unexpectedly, firms would attempt to deal with it by:

• A)producing different levels of goods and services according to the changes in demand.
• B)switching to the production of another product in the short-run.
• C)maintaining an inventory.
• D)closing down the production in the short-run with the hope that the situation would change in the future.

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Definitions:

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Unethically

Engaging in behavior that is morally wrong, against ethical standards, or principles.

High Self-Esteem

A favorable and confident evaluation of oneself, often reflecting a belief in one's abilities and worth.

Healthy Connection

A positive and beneficial relationship or bond between individuals that supports their well-being and growth.