Charles Darwin Suggested That the Evolution of Living Organisms Is

question 296

Multiple Choice

Charles Darwin suggested that the evolution of living organisms is guided by

• A) rational thought.
• B) natural selection.
• C) replication.
• D) unconscious motives.

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Definitions:

Perfectly Competitive

A market structure characterized by many sellers, homogeneous products, and free entry and exit, leading to price determination by supply and demand.

Long-Run Industry Supply Curve

The long-run industry supply curve shows how the quantity supplied by an industry varies with price once all adjustment has been made, including the entry and exit of firms.

Increasing-Cost Industry

An industry in which production costs rise as firms enter the market, often leading to higher prices for consumers.

Positive Profits

Financial gains achieved when the total revenues exceed the total costs of a business.