Atavism Is the Belief That Certain Characteristics or Behaviors of a Person

question 6

True/False

Atavism is the belief that certain characteristics or behaviors of a person are throwbacks to an earlier stage of evolutionary development.

---

Definitions:

Weak Axiom of Cost Minimization (WACM)

An economic principle stating that if a set of goods is chosen over another set at the same prices, then the chosen set should not cost more than the other when prices change.

Input Bundle

A combination of resources or inputs used in the production of goods and services.

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Price Ratio

The relative price of one good or service compared to another, often used in economic analysis.