The short run is a period of time
a. equal to or less than six months
b. during which all resources may be varied
c. during which all resources are fixed
d. during which at least one resource is fixed
e. during which at least one resource may be varied
D
Economics
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If variables x and y move up and down together, they are
A) positively related. B) negative related. C) unrelated. D) trend related.
Economics
China has recently been experiencing rapid economic growth, and current Chinese real GDP per capita is
A) roughly equal to real GDP per capita in the United States. B) still significantly less than real GDP per capita in the United States. C) on par with real GDP per capita in most high-income countries. D) still at a level equivalent to real GDP per capita in the poorest countries in the world.
Economics