When,in Our Analysis of the Gains and Losses from International

question 146

Multiple Choice

When,in our analysis of the gains and losses from international trade,we assume that a country is small,we are in effect assuming that the country

• A)cannot experience significant gains or losses by trading with other countries.
• B)cannot have a significant comparative advantage over other countries.
• C)cannot affect world prices by trading with other countries.
• D)All of the above are correct.

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Definitions:

Coleoptera

An order of insects that includes beetles and weevils, characterized by hard wing cases and a chewing mouthpart, representing the largest order of insects.

Insecta

The class within the phylum Arthropoda that includes insects, characterized by a three-part body, compound eyes, and one pair of antennae.

Biogeographic Province

A region defined by unique ecological and evolutionary processes that shape the distribution and diversity of species within it.

Marsupials

A group of mammals characterized by giving birth to relatively undeveloped offspring that typically continue to grow inside the mother's pouch.