The Coelocanths

question 15

Multiple Choice

The coelocanths

• A)are all extinct.
• B)were found off the coast of South Africa and Indonesia.
• C)are members of the Class Actinopterygii.
• D)form a mud cocoon during the dry seasons.

---

Definitions:

Price Floor

A price floor is a government-imposed minimum price set above the equilibrium price for a product or service, aimed to ensure producers receive a fair return.

Surplus

The situation in which the quantity of a good produced exceeds the quantity demanded, often leading to a decrease in prices.

Production

The method of producing products and services by merging work, materials, and technology.

Inefficient Allocations

Situations where resources are not optimally distributed, often leading to waste or unmet potential within an economy or system.