The Economic Way of Thinking Stresses That

question 216

Multiple Choice

The economic way of thinking stresses that

• A) changes in personal costs and benefits generally do not influence human behavior.
• B) incentives matter--when an option becomes less costly, people will be more likely to choose it.
• C) if one individual gains from an economic activity, then someone else must lose.
• D) goods provided by government do not consume valuable scarce resources since government activity is not part of the market economy.

---

Definitions:

Canalized Traits

Characteristics or attributes of an organism that are genetically controlled to follow a narrow range of development, regardless of environmental conditions.

Incomplete Dominance

A genetic phenomenon in which a dominant allele does not completely mask the effects of a recessive allele, resulting in a third, often blended phenotype.

Heterozygous

A genetic condition where an individual has two different alleles at a gene locus.

Blood Type

A classification of blood based on the presence or absence of inherited antigenic substances on the surface of red blood cells, which can affect blood transfusions compatibility.