If Trade Opens Up Between the Two Formerly Autarkic Countries,Australia

question 15

Multiple Choice

If trade opens up between the two formerly autarkic countries,Australia and Belgium,then

• A) the real income of both countries may increase.
• B) the real income of Australia and of Belgium will increase.
• C) the real income of Australia but not of Belgium will increase.
• D) the real income of neither country will increase.
• E) the real income of both countries will increase.

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Definitions:

Aplastic Anemia

A rare condition where the body stops producing enough new blood cells, leading to fatigue, higher risk of infections, and uncontrolled bleeding.

Iron-Deficiency Anemia

A common type of anemia caused by insufficient iron, leading to a reduced number of red blood cells and symptoms like fatigue and weakness.

Ferrous Sulfate

An iron supplement used to treat or prevent low blood levels of iron, such as those caused by anemia.

Iron-Deficiency Anemia

A common type of anemia caused by a lack of iron in the body, leading to reduced production of hemoglobin and symptoms like fatigue and weakness.