Macy's Is Closing Another $100$ Stores

$$Macy$\text{'}$s will close $15$ percent of its department stores and employees at closed stores may be offered jobs in nearby stores. Premiere$$ Macy's locations could be scaled back.

Walmart plans to shut down $269$ stores.

Nearly$44,000$ retail workers have been laid off in $2016.$

Amazon and other online retailers are expanding.

$$Source: CNNMoney, August$11,2016$

Which of the items in the news clip involves a$$ short$-$run decision and which involves a$$ long$-$run decision? Explain.

Question content area bottom left

Part $1$

The decisions to$\_\_\_\_\_\_$ are$$ short$-$run decisions because they$\_\_\_\_\_\_.$

A$.$

scale back premiere$$ Macy's stores and lay off nearly$44,000$ retail$$ workers;

change a variable factor of production but not a fixed factor of production

B$.$

close $15$ percent of$$ Macy's department stores and scale back$$ Macy's premiere$$ locations;

deal with stores located in North America

C$.$

expand Amazon and other online$$ retailers;

change capital but not necessarily the number of employees

D$.$

close $15$ percent of$$ Macy's department$$ stores, scale back$$ Macy's premiere$$ locations, shut down $269$ Walmarts, and lay off$44,000$ retail$$ workers;

are decisions that were made within the last two years

$...$

Question content area bottom right

Part $1$

The decisions to$\_\_\_\_\_\_$ are$$ long$-$run decisions because they$\_\_\_\_\_\_.$

A$.$

close $15$ percent of$$ Macy's department stores and scale back$$ Macy's premiere$$ locations;

all deal with stores located in North America

B$.$

lay off$44,000$ retail$$ workers;

are changes to labour which affect people for the long term

C$.$

implement any of the actions in the news$$ clip;

are about changing factors of production

D$.$

close $15$ percent of$$ Macy's department$$ stores, shut down $269$ Walmarts, and expand Amazon and other online$$ retailers;

change the$$ firms' plants