Canada Has a Much Lower Population Density Than Does Japan

question 21

Multiple Choice

Canada has a much lower population density than does Japan. Therefore, the price of land (relative to the price of labour) is lower in Canada than in Japan. Consider a Canadian firm and a Japanese firm, both producing rice, both having access to the same technologies, and both striving to minimize their costs. The Canadian firm will use the two inputs, land and labour, in such a way that its land/labour ratio is

• A) equal to one.
• B) lower than that of the Japanese firm.
• C) equal to that of the Japanese firm.
• D) indeterminate as there is insufficient information to know.
• E) higher than that of the Japanese firm.

Describe allometric growth and its role in evolution.

Evaluate the biological species concept's limitations.

Understand the concept of continental drift and its contribution to biological speciation.

Grasp the principles of phyletic gradualism and stabilizing selection.

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Definitions:

Maturity Value

The amount payable to an investor at the end of a fixed-term investment including principal and interest.

Invested

The allocation of resources, usually money, into financial ventures, stocks, or property with the expectation of generating a profit.

Equivalent Payments

Equivalent payments refer to a series of regular payments that have the same value under specified conditions, often used in the context of loans or mortgages.

Annual Rate Of Return

The annual percentage gain or loss on an investment.