Economics

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.

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.

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

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

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

50%

the likelihood that something will happen

considering whether companies or the government should make the goods.

capital

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

People try to fulfill both with limited resources.

People have unlimited wants and limited resources to fulfill them.

A designer who starts a new fashion company

A foreign country begins exporting the product in high volume.

An industrial assembly line

A doctor with expertise in medicine

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

headphones.