Question

there are economic concerns surrounding the products that have been genetically engineered for particular traits, including pharmaceutical products, crops, and enzymes used in manufacturing processes. what are the proposed economic concerns that affect society? choose three correct answers. genetically engineered crops lead to a decrease in biodiversity. consumers must spend more money to purchase genetically engineered products. farmers must spend more money to obtain genetically engineered seeds for desired crops. prices for genetically engineered products are raised as a result of patents on products.

Explanation:

• "Consumers must spend more money to purchase genetically engineered products" is an economic concern as it affects consumer spending.
• "Farmers must spend more money to obtain genetically engineered seeds for desired crops" impacts farmers' costs, which is an economic aspect.
• "Prices for genetically engineered products are raised as a result of patents on products" involves price - setting due to patents, an economic factor.
• "Genetically engineered crops lead to a decrease in biodiversity" is more of an environmental (biological) concern rather than an economic one.

Answer:

• Consumers must spend more money to purchase genetically engineered products.
• Farmers must spend more money to obtain genetically engineered seeds for desired crops.
• Prices for genetically engineered products are raised as a result of patents on products.