The Term "Biotech Barnyards" Commonly Refers to ____

question 13

Multiple Choice

The term "biotech barnyards" commonly refers to ____.

• A) ​the production of human products by farm animals
• B) ​the development of new species of farm animals
• C) ​the increase of milk, egg, and wool production
• D) ​ultramodern methods of rearing more animals on less feed
• E) ​creation of transgenic animals that can produce more of their natural products

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Definitions:

Economic Perspective

A viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.

Productive Resources

Inputs used in the production of goods and services, including labor, capital, and natural resources.

Want

An unfulfilled desire or need that individuals or societies aim to satisfy through the acquisition of goods or services.

Marginal Analysis

The comparison of marginal (“extra” or “additional”) benefits and marginal costs, usually for decision making.