Beekeepers and Scientists Are Puzzled and Troubled by a Decline

question 33

Multiple Choice

Beekeepers and scientists are puzzled and troubled by a decline in bee populations around the world.What would you predict as a likely consequence of the widespread lack of bees?

• A) loss of crop productivity
• B) decline in conifer numbers
• C) disappearance of mosses and ferns
• D) inability of plants to obtain enough nitrogen
• E) increase in prevalence of seedless vascular plants

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Definitions:

Perfect Complements

Goods that are consumed together in fixed proportions, where the utility of one item increases with the consumption of the other.

Income Effect

The change in consumption that results from a change in real income (purchasing power), holding prices constant, reflecting how higher income increases consumption of goods while lower income reduces it.

Income Effect

The change in an individual's consumption choices resulting from a change in their real income.

Substitution Effect

The economic understanding that as prices rise (or incomes decrease), consumers will replace more expensive items with less costly alternatives.