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Economics

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Douglas Powlowski

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Cards in this guide (18)
What is the difference between a homozygous trait and a heterozygous trait and can you please provide an example for each

a homozygous trait is when an offspring has either both dominant genes or both recessive genes from its parents. a heterozygous trait is when an offspring has both dominant and recessive genes. for example: a long-tailed cat is dominant and a short-tailed cat is recessive. the long-tailed cat (homozygous dominant) had offsprings with the short-tailed cat (homozygous recessive). by doing the punnett square, 100% of their offspring will be heterozygous.

What is the opportunity cost of buying a new car

Anything that is not the car can be an oppertunity cost. for an instants an ipod or a house can be the oppertunity cost. the definiton of oppertunity cost is the value of the next best akternative given up when a choice a made.

Why do more people have attached rather than unattached earlobes

Cause attached earlobes are the dominant trait. Unattached earlobes are reccessive.

Why did Mendel study such a large sample of pea plants to determine the probability of inheritance

The more samples you use, the closer your results will match probability.

What are the best definition of economics

The best definition is that by Lionel Robins, "Economics is the social sciences which studies human behavior as a relationship between ends and scare means which has alternative uses"

When will a cost benefit analysis be done

when will a cost benefit analysis be done

A mother has one allele for color blindness and one Allele or normal vision what is the probability that her Gamete Will have the Allele for the color blindness

50%

Which best describes probability

the likelihood that something will happen

societies make decisions about how to produce certain goods by

considering whether companies or the government should make the goods.

the machinery and tools used to create a product are part of which factor of production

capital

what role do entrepreneurs play in the economic decisions a society makes

They organize resources to try to meet a society's wants and needs.

What is a major similarity between economic wants and economic needs

People try to fulfill both with limited resources.

which statement best describes the economic concept of scarcity

People have unlimited wants and limited resources to fulfill them.

which person is an example of an entrepreneur

A designer who starts a new fashion company

Which situation would reduce the scarcity of a product

A foreign country begins exporting the product in high volume.

which option is an example of capital as a factor of production

An industrial assembly line

Which description is the best example of human capital

A doctor with expertise in medicine

Which situation best describes an opportunity cost

A person who buys a new laptop doesn't have money to buy new

headphones.

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