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Sharp slivers,called ________,are made of silica or calcium carbonate and provide sponges with support.
Total Surplus
The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of goods.
Free-Trade Policy
A policy approach that encourages international trade by minimizing tariffs, duties, and other barriers to import and export.
World Price
The international market price of a good or service, determined by global supply and demand, which influences domestic prices and competition.
International Trade
The exchange of goods, services, and capital across international borders or territories, driven by economic motives like gaining access to new markets or acquiring resources.
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