Match Each Term with Its Definition

question 28

Multiple Choice

Match each term with its definition.
-Insertion of a perfect gene into the cells of a person with a congenital disorder caused by a defective gene

• A)BRCA analysis
• B)polymerase chain reaction
• C)DNA fingerprinting
• D)genetic counseling
• E)gene therapy
• F)genetic engineering
• G)embryonic stem cells
• H)striated
• I)smooth
• J)cardiac

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Definitions:

Willing To Pay

Willing to pay is the maximum amount that a consumer is prepared to spend on a good or service.

Consumer Surplus

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

Producer Surplus

The difference between what producers are willing to accept for a product versus what they actually receive in the market.

Marginal Benefit

The increased benefit or value received from the consumption or creation of one more unit of a good or service.