High School Economics Quiz on Short Run vs Long Run

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Questions and Answers

What was the key factor in turning around the fortunes of Barnes & Noble, according to the text?

  • Adapting to new ways of operating in the industry (correct)
  • Introduction of cafes in bookstores
  • Partnership with TikTok
  • Opening of massive bookstores

In the context of artistic selections mentioned, which piece effectively captures the aspects of the consumer experience?

  • Supermarket Shopper by Duane Hanson (1971)
  • "A Supermarket in California" by Alan Ginsburg (1984)
  • 99 Cent by Andreas Gursky (1999) (correct)
  • All of the above

What does recent research suggest about the success of animals in filling an extinct counterpart's niche?

  • The one with the highest intelligence
  • The one with the highest population numbers
  • The one most closely related to the original (correct)
  • The one with the most adaptive traits

Which project aims to resurrect the auroch, a wild supercow?

<p>Colossal Biosciences (A)</p> Signup and view all the answers

What does the text suggest about brand names in the context of Western brands leaving Russia?

<p>Brand names are more vulnerable than they seem (A)</p> Signup and view all the answers

What does the distinction between the short run and the long run primarily refer to?

<p>A time when changes are possible versus a time when changes are limited (A)</p> Signup and view all the answers

In the context of corporate restructuring, what impact does the text suggest on giant companies like Apple?

<p>Giant companies can continue to operate with a functional model (D)</p> Signup and view all the answers

What is the main focus of rebranding according to the text?

<p>How the company presents itself to the outside world (A)</p> Signup and view all the answers

Which company is held up as an example of ongoing rebranding efforts in the text?

<p>Dunkin' (B)</p> Signup and view all the answers

What aspect of time does the short run represent in economics?

<p>A limited timeframe for decision-making (A)</p> Signup and view all the answers

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