A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock.
B. long-run demand shock.
C. long-run supply shock.
D. short-run demand shock.
Answer: A
You might also like to view...
What are some of the limitations of the Coase theorem in practice?
What will be an ideal response?
A point outside a production possibilities curve reflects:
a. efficiency. b. specialization. c. inefficiency. d. unemployment. e. an impossible choice.
All other things remaining equal, low-income nations that increase their investments in deepening their human and physical capital bases will: a. experience higher growth rates than high-income nations that possess larger capital stocks per capita. b. experience lower growth rates than high-income nations that are more technologically advanced
c. incur lower costs than high-income nations that experience higher costs of production due to expensive labor. d. experience the same growth rates as high-income nations that are more technologically advanced.
The SWOT analysis has been used extensively in other industries but has not been widely used in healthcare.
a. true b. false