Your Company Would Like to Begin Genetic Testing When Screening

question 60

Multiple Choice

Your company would like to begin genetic testing when screening for potential employees in order to know a person's risk for developing diseases such as cancer and heart disease. A valid argument against the use of these tests would be that

• A) the field of genetics has not advanced enough to be able to determine a person's risk for any type of disorder.
• B) genetic tests are painful and can cause physical damage to the person being tested.
• C) genetic testing is very expensive and would not be cost-effective.
• D) there is no way to be certain that someone would develop a disorder because some individuals who have the genes associated with a disorder may not develop that disorder.

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Definitions:

Expenditures

Money spent on goods, services, or other expenses by individuals, businesses, or governments.

Long Run Cost Curve

A graphical representation that shows the minimum cost at which any given level of output can be produced in the long term, once all inputs are variable.

Expansion Path

A line that shows the combination of inputs that a firm will use to maximize output for any given level of total cost.

Isoquants

A curve representing all the combinations of factors of production that yield the same level of output.