Craig Venter, a Leader of One of the Teams That

question 131

Multiple Choice

Craig Venter, a leader of one of the teams that sequenced the human genome, has now turned his attention to cataloging the microbial life of the oceans. His studies, which involve PCR amplification of microbial DNA and a sequencing of the PCR products, are part of a field of biology called

• A) functional genomics.
• B) transposon-tagging.
• C) proteomics.
• D) phenomics.
• E) metagenomics.

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Definitions:

Marginal Propensity

The portion of additional income that an individual is likely to spend on goods and services instead of saving.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, which can affect purchasing power and inflation.

Aggregate Expenditure Line

A graphical representation of the total spending in an economy, including consumption, investment, government, and net exports, at various levels of income.

Marginal Propensity

The proportion of an additional increment of income that is spent on consumption. It reflects the change in consumption resulting from a change in income.