If All Returns to a Resource Are in the Form

question 172

Multiple Choice

If all returns to a resource are in the form of economic rent,_____

• A)the demand curve for that resource is horizontal.
• B)the demand curve for that resource is vertical.
• C)the supply curve of that resource is horizontal.
• D)the supply curve of that resource is vertical.
• E)the demand curve for that resource is upward sloping.

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Definitions:

Novel Traits

New or unique characteristics that arise in a species, often playing a significant role in the process of evolution.

Derived Character

A trait that evolved in the lineage leading up to a clade and that sets members of that clade apart from other individuals.

Cladistic Character

A feature of organisms used in cladistics to help establish evolutionary relationships, focusing on shared derived characteristics.

Ancestral Character

a trait or characteristic that was present in the common ancestor of a group of species and may be retained or altered in its descendants.