The Most Probable Explanation for Why Two Different Species Have

question 71

Multiple Choice

The most probable explanation for why two different species have similar features is

• A) genetic drift.
• B) gene flow.
• C) artificial selection.
• D) descent from a common ancestor.

Comprehend the role of marginal utility in income redistribution and its effect on total utility.

Analyze the ethical implications of providing basic necessities to all members of a society.

Understand the mechanisms of progressive and proportional income tax systems.

Appreciate the importance of maximizing the well-being of the worst-off in a society as a measure of justice.

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Definitions:

Resources Are Scarce

The principle that the availability of natural, human, and capital resources is limited, necessitating choices about their allocation and use.

Normative Statements

Statements that express opinions on how the world ought to be, involving value judgments rather than factual claims.

Expressions Of Facts

Statements that aim to convey information about reality or actual events without alteration.

Economic Model

A simplified representation or framework that economists use to describe and analyze economic processes, relationships, or phenomena.