Given Free Trade, Small Nations Tend to Benefit the Most

question 193

Multiple Choice

Given free trade, small nations tend to benefit the most from trade since they

• A) are more productive than their large trading partners.
• B) are less productive than their large trading partners.
• C) have demand preferences and income levels lower than their large trading partners.
• D) enjoy terms of trade lying near the opportunity costs of their large trading partners.

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Definitions:

Madreporite

The madreporite is a sieve-like structure found in echinoderms, such as starfish, that serves as an entry point for water into the water vascular system.

Vascular System

involves the network of blood vessels in the body, including the arteries, veins, and capillaries, that circulate blood to deliver oxygen and nutrients to tissues.

Central Nerve Ring

A ring of nervous tissue found in certain invertebrates, such as echinoderms, functioning as a central nervous system component.

Nerve Ganglia

Clusters of nerve cell bodies in the peripheral nervous system, serving as relay points for neural signals.