When Someone Says That Evolution Is Not Important,"after All,it's Just

question 64

True/False

When someone says that evolution is not important,"after all,it's just a theory," it is probable that they do not understand how scientists use the term "theory."

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Definitions:

Economic Efficiency

An economic state where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Deadweight Losses

Losses in total surplus that occur when a market is not in competitive equilibrium, often due to taxes or subsidies.

Economic Efficiency

A situation where all resources are allocated in a way that maximizes the total benefit to society or minimizes waste.

External Cost

A cost that a transaction or activity imposes on a party who is not involved in the transaction, often not reflected in market prices.