Classification

question 58

Multiple Choice

Classification. Respond to the following statements in reference to the five animal phyla listed below.
-Tapeworms are members of this phylum.

• A)Porifera
• B)Cnidaria
• C)Platyhelminthes
• D)Nematoda
• E)Annelida

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Definitions:

Comparative Advantage

The capability of a nation or business to manufacture a specific product or offer a service at a lesser opportunity cost compared to its rivals.

Opportunity Cost

The expenditure experienced from not picking the immediate runner-up selection during a choice process.

Economies of Scale

The cost advantage achieved when production becomes efficient, leading to a decrease in the per-unit cost as the volume of production increases.

Autarky

A situation where a country or economy operates in total self-sufficiency, without engaging in international trade.