Overproduction, Variation, Limits on Population Growth, and Differential Reproductive Success

question 16

Multiple Choice

Overproduction, variation, limits on population growth, and differential reproductive success are components of:

• A) evolution by natural selection.
• B) evolution by inheritance of acquired characteristics.
• C) punctuated equilibrium.
• D) genetic inheritance.
• E) gradualism.

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Definitions:

Comparative Advantage

The capacity of a person or a collective to perform a specific economic function more effectively than another function.

Specialization

The practice of focusing resources on the production of particular goods or services for which a person or entity has a competitive advantage.

Comparative Advantage

The ability of an individual or country to produce a particular good at a lower opportunity cost than another.

Absolute Advantage

The ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.