When 7-Year-Old Jacob Is Asked Why Giraffes Came to Exist

question 28

Multiple Choice

When 7-year-old Jacob is asked why giraffes came to exist, he is MOST likely to use _____ in his explanation.

• A) a physical process
• B) a biological process
• C) a purpose
• D) magic

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Definitions:

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or offer a service at a lower opportunity cost than competitors.

Capital

Resources made and used by people to produce and distribute goods and services, including buildings, machinery, tools, and equipment.

Investment

Utilization of resources (such as capital, time, or effort) with the expectation of achieving a future return, often through the acquisition of assets or improvement of productivity.

Inefficiency

The state of not achieving maximum productivity; failing to make the best use of time, resources, or energy.