Which of the following factors of production is not variable in the long run?
a. the size of the firm's plant
b. land
c. highly skilled labor
d. All factors are variable in the long run.
d
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An arrangement that allows buyers and sellers to exchange things is called
A) a market. B) a contract. C) money. D) efficient.
During the antebellum period, the U.S. used more economic output and resources than were domestically available during expansions and less during contractions. International trade assisted during these cyclical times
Indicate whether the statement is true or false
What is least accurate about marketing and selling in the US after the Civil War?
a. Advertising on a national scale became a widely accepted practice. b. There was a large increase in firms with brand names. c. There was a decrease in product differentiation—goods became more alike. d. The quality of non-durable goods improved significantly.
One can invest in a pool of mortgages by buying
A) long term bonds. B) mortgage backed securities. C) penny stocks. D) stocks with a beta of less than one.