Which of the Following Arguments Would Be MOST Compelling to an Economist

question 69

Multiple Choice

Which of the following arguments would be MOST compelling to an economist considering the development of a wetland?

• A)Wetlands are enjoyed by bird watchers.
• B)Biodiversity is sometimes low in wetlands.
• C)Wetlands provide habitat for muskrats and beavers.
• D)Wetlands provide ecosystem services like water purification that would cost millions to replace.

---

Definitions:

Equilibrium

A state in a market where supply equals demand, meaning that there is no tendency for the market price to change unless external factors alter supply or demand.

Specializing

The process by which individuals, businesses, or countries focus on producing a limited range of goods or services, to gain a competitive advantage in terms of efficiency, quality, or cost.

Specialization

Refers to the process by which individuals, firms, or countries focus on producing a limited range of goods or services to achieve greater efficiencies.

Economic Output

The total value of all goods and services produced within an economy over a specific period.