If We Explain the Reason That a Mother Cat Licks

question 52

Multiple Choice

If we explain the reason that a mother cat licks and cleans her kittens of the fluids that cover them when they are born by saying that the fluids tastes good, which is probably the simplest explanation, we are addressing which aspect of science?

• A) Parsimony
• B) Self-correcting nature
• C) Progessive nature
• D) Concern with theory

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, measuring the total net benefit to society from the production and consumption of a good or service.

Free-Trade Policy

Economic policies that eliminate tariffs and trade barriers between countries to encourage trade and economic integration.

Import Quota

A government-imposed restriction on the quantity of a specific good that can be imported into a country.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.