Which of the Following Is a Reason for Many Developing

question 135

Multiple Choice

Which of the following is a reason for many developing countries to open their economies to free trade?

• A)Domestic producers do not recognize their potential losses.
• B)Customers do not recognize their potential gains.
• C)The government lacks political will to remove impediments to development.
• D)Consumers and firms are aware of the products and technology available abroad.
• E)The potential winners from free trade remain largely unaware of the gains from trade

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Definitions:

Ribose

A five-carbon sugar that is a key component of RNA (ribonucleic acid) and essential for various biological processes.

RNA

Ribonucleic acid, a nucleic acid present in all living cells that acts as a messenger carrying instructions from DNA for controlling the synthesis of proteins.

Structural Component

An element or part of a larger structure, which contributes to its build and integrity.

Carbohydrates

Organic compounds, consisting of carbon, hydrogen, and oxygen, that serve as a major energy source for the body; includes sugars, starches, and fibers.