Which of the following is the best example of a short-run adjustment?

A) A local bakery purchases another commercial oven as part of its capacity expansion.
B) Your local Walmart hires two more associates.
C) Smith University completed negotiations to acquire a large piece of land to build its new library.
D) Toyota builds a new assembly plant in Texas.


Answer: B

Economics

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Since 1990, a major industrial country with the lowest growth rate in per capita GDP has been _____

a. West Germany b. Italy c. The United States d. Great Britain e. Canada

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A reduction in the rate of inflation is known as

A. disinflation. B. deflation. C. inflation. D. None of the above is correct.

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When the nominal exchange changes from 110 yen per dollar to 120 yen per dollar, the dollar has:

A. appreciated. B. depreciated. C. become undervalued. D. become overvalued.

Economics

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A. (Raise Price, Don't Raise Price). B. (Don't Raise Price, Raise Price). C. (Don't Raise Price, Don't Raise Price). D. Both A and B are correct.

Economics