The Way We Know What Commodities Are Relatively Scarce or Abundant

question 267

Multiple Choice

The way we know what commodities are relatively scarce or abundant is through

• A) transaction costs.
• B) prices.
• C) price ceilings.
• D) price floors.

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Definitions:

Ex Situ Conservation

The practice of preserving endangered species by removing part of their population from a risky habitat and placing them in a secure location, like a zoo or botanical garden.

Ex Situ Conservation

The practice of conserving an endangered species by removing part of the population from a threatened habitat and placing it in a new location under controlled conditions.

In Situ Conservation

The conservation and protection of genetic resources in their natural habitats.

Biodiversity Hotspot

Regions that are significantly rich in biodiversity and are threatened with destruction, necessitating conservation efforts.