Evolutionary Trees Such as This Are Properly Understood by Scientists

question 6

Multiple Choice

Evolutionary trees such as this are properly understood by scientists to be

• A) theories.
• B) hypotheses.
• C) guesses.
• D) dogmas.
• E) facts.

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Definitions:

Price Discrimination

A method of setting prices in which the same provider sells nearly the same goods or services at disparate prices in different markets.

Rationing

A system of controlling the distribution of resources, goods, or services by limiting access to ensure equitable distribution, often implemented during shortages.

Reselling

The act of selling a product or service again, possibly after acquiring, refurbishing, or repackaging it.

Perfect Price Discrimination

A situation where a seller charges the maximum possible price for each unit consumed that each consumer is willing to pay, thus capturing the entire consumer surplus.