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This problem deals with eye color, an inherited trait. For purposes of this problem, assume that only two eyecolors are possible, brown and blue. We use b to represent a blue eye gene and B a brown eye gene. If any Bgenes are present, the person will have brown eyes. The table shows the four possibilities for the children oftwo Bb (brown-eyed) parents, where each parent has one of each eye color gene.
Find the probability that these parents give birth to a child who has blue eyes.
Quotas
Quotas are limits set by a government on the amount of a particular commodity that can be imported or produced domestically in a certain period, used as a means to regulate trade and support local industries.
Comparative Advantage
The ability of an entity (could be a person, company, or country) to produce a good or service at a lower opportunity cost than another.
Domestic Prices
Relates to the cost of goods and services within a country's borders, which can be influenced by factors such as supply and demand, taxation, and government policies.
Euros
The official currency of the Eurozone, which is used by 19 of the 27 European Union member countries.
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