Researchers Can Infer That a Trait Is Largely Influenced by Genes

question 59

Multiple Choice

Researchers can infer that a trait is largely influenced by genes if

• A) identical twins show more resemblance in the trait than fraternal twins.
• B) fraternal twins show more resemblance in the trait than identical twins.
• C) children are more similar to their adoptive parents than their biological parents.
• D) identical twins do not show any resemblance to each other in the trait.

Interpret graphical representations of markets with externalities to identify equilibrium and socially optimal outcomes.

Analyze the role of government intervention in correcting market failures due to externalities through taxes and subsidies.

Differentiate between private and social costs, and private and social values.

Identify the conditions for social optimality in the presence of externalities.

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Definitions:

Demand Equation

A mathematical representation of the demand curve, expressing the relationship between the quantity demanded and various factors that influence it, such as price.

Marginal Utility

The supplementary enjoyment or value someone gains from consuming one more unit of a certain good or service.

Utility Maximization

The process by which individuals select the combination of goods and services that maximizes their level of satisfaction, given their budget constraint.

Diminishing Utility

is an economic principle stating that as a person consumes more of a good, the marginal utility of each additional unit decreases.