As a Seven-Year-Old Boy,Dean Likes to Catch Butterflies and Moths

question 11

Multiple Choice

As a seven-year-old boy,Dean likes to catch butterflies and moths.He is fascinated by the colors and patterns on their wings.Today he saw several monarchs and caught one in his net.In his mental representations of butterflies and moths,the monarch he caught today is:

• A)a concept.
• B)a defining attribute.
• C)a prototype.
• D)an exemplar.

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Definitions:

Externality Problems

Issues arising when the actions of individuals or firms have effects on third parties that are not reflected in market prices.

Cost-Benefit Analysis

An organized method for assessing the positives and negatives of various alternatives, aimed at finding the optimal solution that maximizes benefits and maintains savings.

Pollution Rights

Permits or allowances that authorize the holder to emit a certain amount of a pollutant, used in regulatory approaches to manage environmental impacts.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing and able to sell.