The Diversity That Enables Life on the Earth to Adapt

question 39

Multiple Choice

The diversity that enables life on the earth to adapt and survive environmental changes is called ____.

• A) functional diversity
• B) genetic diversity
• C) cognitive diversity
• D) ecosystem diversity
• E) species diversity

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Definitions:

Imperfect Information

A market condition where all parties do not have equal access to all relevant information.

Life Insurance

A contractual agreement with an insurance company that provides a lump sum payment, known as a death benefit, to beneficiaries upon the insured person's death, in exchange for premium payments.

Market Failure

A scenario in which the distribution of goods and services through an unregulated market leads to inefficiencies, resulting in a decrease in overall social welfare.

Lost Surplus

Refers to the welfare that is lost to consumers or producers due to market inefficiencies or interventions, such as taxes or price ceilings.