The Current Thinking About Genes and the Environment Is That

question 37

Multiple Choice

The current thinking about genes and the environment is that:

• A)the environment is necessary to trigger genetic programs
• B)genes are important early in development but wane with age
• C)both genes and environment are important throughout the life span
• D)some of the above

---

Definitions:

Actual Production

The quantity of goods or services produced by a firm, industry, or economy within a specific period, factual and not estimated.

Consumer Surplus

The variance between what consumers are ready and capable of spending on a product or service and the actual sum they end up paying.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting the benefit to producers from higher prices.

Consumer Surplus

The gap between what consumers are prepared to spend on a product or service and the actual amount they end up paying.