Fossil Evidence from Five Continents Exists for 100 Extinct, and One

question 32

Multiple Choice

Fossil evidence from five continents exists for 100 extinct, and one extant, species of ____

• A) humans
• B) birds
• C) trilobites
• D) insects
• E) horses

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Definitions:

Budget Constraint

The limits imposed on household choices by income, prices, and taxes, defining the combination of goods and services they can afford.

Income

Proceeds obtained, often periodically, from labor or investment returns.

Utility

A measure of satisfaction or happiness that consumers derive from the consumption of goods and services.

Perfect Substitutes

Two goods that could be used in place of each other with no loss of utility to the consumer.