Which of the Following Is a Correct Statement About the McArthur/Wilson

question 10

Multiple Choice

Which of the following is a correct statement about the McArthur/Wilson Island Equilibrium Model?

• A) The more species that inhabit an island, the lower the extinction rate.
• B) As the number of species on an island increases, the emigration rate decreases.
• C) Competitive exclusion is less likely on an island that has large numbers of species.
• D) Small islands receive few new immigrant species.
• E) Islands closer to the mainland have higher extinction rates.

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Definitions:

Deadweight Loss

An economic inefficiency arising when there's a failure to attain or an impossibility of attaining equilibrium for a particular good or service.

Taxes on Labor

Refers to taxes imposed on wages or salaries earned, impacting the net income of employees.

Second Earners

Refers to individuals in a household who contribute income in addition to the primary breadwinner, often impacting households' labor supply decisions and overall economic dynamics.

Price Elasticities

A measure of how much the quantity demanded of a good responds to a change in the price of that good.