Conducting an economic analysis should include an evaluation of the effectiveness, feasibility, and profitability of genetically engineering agricultural species and could address
- inputs (e.g., fertilizers, pesticides, irrigation)
- crop yield
- enhanced quality of commodities
- optimum use of scarce resources
- the establishment of a more abundant, inexpensive, and varied food supply
- externalities (e.g., pollution, emerging diseases).
Process/Skill Questions:
- What are the positive and negative impacts of the use of animal biotechnology on society?
- How has the use of animals in biotechnology increased the understanding of human diseases?