The supply of hydro electric power:
a. can be varied infinitely in the short run.
b. remains fixed in the long run.
c. decreases with an increase in price in the short run.
d. reduces in the future due to continuous consumption today.
e. increases with an increase in price in the long run.
e
Economics
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Economic models are used to
A) represent the complexities of economic environments. B) explain every detail of an economic theory. C) explore decision making by individuals, firms and other organizations. D) build physical renditions of government construction projects.
Economics
Each of the following increases average labor productivity except :
A. more natural resources. B. more central planning. C. more physical capital. D. more human capital.
Economics