If an Individual Buys Only Two Goods and These Must

question 29

Multiple Choice

If an individual buys only two goods and these must be used in a fixed relationship with one another (e.g.,coffee and cream for a coffee drinker who never varies the amount of cream used in each cup) ,then

• A)there is no substitution effect from a change in the price of coffee.
• B)there is no income effect from a change in the price of coffee.
• C)Giffen's Paradox must occur if both coffee and cream are inferior goods.
• D)an increase in income will not affect cream purchases.

Understand the relationship between technology and society, including how societal needs shape technological development.

Recognize the environmental impacts of technological and scientific advancements, specifically relating to global warming, acid rain, and genetic pollution.

Identify the role of various types of organizations and governments in supporting or regulating technological development and environmental protection.

Understand the historical development of significant technologies, including nuclear energy.

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Definitions:

Fortified Breads

Breads that have been enriched with additional vitamins and minerals, beyond what they naturally contain.

Selenium

A chemical element with symbol Se and atomic number 34, known for its role in human health as a trace mineral important for the antioxidant activity of certain enzymes.

Fertility

The capability of an organism to reproduce, often evaluated in terms of the quality and quantity of gametes.

Metabolism

The overall chemical functioning of the body, including all body processes that build small molecules into large ones (anabolism) and break down large molecules into small ones (catabolism).