The Discipline of Economics Is Largely Based on Encouraging Individuals

question 91

Essay

The discipline of economics is largely based on encouraging individuals to engage in certain activities and discouraging them from engaging in others.Why is encouraging or discouraging individuals through incentives so important?

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Definitions:

Recessive Allele

An allele that produces its characteristic phenotype only when its paired allele is identical.

Dominant Allele

A dominant allele is one version of a gene that masks the presence of a recessive allele in the pair, meaning the trait it represents is expressed even when only one copy is present.

Codominance

A genetic scenario where two alleles of a gene are expressed equally in the phenotype of the organism, neither being recessive to the other.

Polygenic Inheritance

Refers to the contribution of a variety of genes—sometimes very many—to a particular trait.