Voluntary Exchanges

question 5

Multiple Choice

Voluntary exchanges:

• A)generate surplus,leaving both participants better off than they were before.
• B)generate deadweight loss,leaving both participants worse off than they were before.
• C)generate deadweight loss,leaving at least one participant worse off than they were before.
• D)create a transfer of surplus from one participant to another.

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Definitions:

Sexual Differentiation

The biological process by which the differences between males and females are established, typically involving the development of reproductive organs and secondary sexual characteristics.

Embryos

Early developmental stages of a multicellular organism following fertilization, before reaching the fetal stage.

Trimester

One of the three roughly three-month periods into which pregnancy is divided.

Polygenic Inheritance

Pattern of inheritance in which multiple genes at different sites on chromosomes affect a complex trait.