When a Company Searches for New Sources of Chemical Compounds,genes,enzymes,proteins,and/or

question 51

Multiple Choice

When a company searches for new sources of chemical compounds,genes,enzymes,proteins,and/or microorganisms in order to exploit their economic potential,that company is engaging in

• A)deep ecology.
• B)biopiracy.
• C)bioprospecting.
• D)biocolonialism.

Analyze the impact of wage changes on hours worked and goods consumed.

Understand the concept of perfect complements in consumption.

Calculate and analyze individual’s budget constraint equations.

Evaluate the economic welfare implications of price changes on utility.