In economics, the long run is considered to be
A. The time period when all costs are variable.
B. More than two years.
C. The time period when all costs are explicit.
D. One year.
Answer: A
Economics
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A lawyer's ability to understand a client's legal situation and his professional norms may improve the outcome of a negotiation with another attorney, relative to the outcome if the client bargained for herself
Indicate whether the statement is true or false
Economics
In the following index: 2003 = 123.3; 2004 = 145.3; 2005 = 111.4; 2006 = 100; 2007 = 94.3, what is the rate of change from 2006 to 2007?
a. 5.7% b. 5% c. 4.3% d. 2.5% e. unable to determine
Economics