Which of the Following "Rules" Will Most People Wrongly Assume

question 37

Multiple Choice

Which of the following "rules" will most people wrongly assume?

• A)If an organism has a sex,it must be female or male.
• B)There are always two sexes.
• C)Within a single individual,sex is always permanent.
• D)All the above are correct.

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Definitions:

Binding Price Floor

A binding price floor is a government-imposed limit on how low a price can be charged for a product or service, set above the equilibrium price, leading to potential surpluses.

Surplus

The excess of supply over demand in a market, resulting in lower prices.

Shortage

A situation in which demand for a product exceeds its supply in a market.

Price Floor

A government- or authority-imposed minimum price that can be charged for a particular good or service, intended to prevent prices from falling below a certain level.