The Degree of Specialization of Complementary Resources Affects

question 72

Multiple Choice

The degree of specialization of complementary resources affects:

• A)The degree of concentration of the industries that will emerge
• B)The speed of acceptance of the innovation
• C)The division of value between the respective suppliers of the innovation and of its complementary resources
• D)Answers b and c

Distinguish between nonvascular and vascular plants and their reproductive structures.

Understand significant evolutionary events in plant history.

Describe major evolutionary trends in the plant kingdom, including changes in the dominant life cycle stages.

Understand the basic differences between the life cycles of mosses, ferns, liverworts, ginkgoes, and gnetophytes.

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Definitions:

Consumer Surplus

The difference between the maximum amount that consumers are willing to pay for a good or service and the amount they actually pay.

Consumer Surplus

The benefit obtained by consumers because they are able to purchase a product for a price that is less than the maximum price that they are willing to pay.

Equilibrium Price

The rate at which the amount of products offered matches the amount of products consumers want.

Unregulated Market

A market where the government does not impose price controls, quotas, or other restrictions on the forces of supply and demand.