When People Want More Goods and Services Than Are Available

question 199

Multiple Choice

When people want more goods and services than are available, the economy undergoes inflation. This statement best represents this economic concept:

• A)Resources are scarce.
• B)When markets don't achieve efficiency, government intervention can improve society's welfare.
• C)Overall spending sometimes gets out of line with the economy's productive capacity.
• D)Government policies can change spending.

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Definitions:

Dihybrid Cross

A breeding experiment between P generation (parental generation) organisms differing in two traits, used to determine the inheritance patterns of genes.

Mendel's Model

The set of foundational principles for genetics derived from the work of Gregor Mendel, describing how traits are inherited through dominant and recessive genes.

Hybrid Offspring

The progeny resulting from the mating of two genetically distinct individuals, often involving different species, breeds, or varieties.

Test Cross

The genetic cross in which either an F1 individual, or an individual of unknown genotype, is mated to a homozygous recessive individual.