Small Open Economy Models Are Used to Explain Large Economy

question 27

Multiple Choice

Small open economy models are used to explain large economy models because

• A) there are smaller populations to deal with.
• B) they consume smaller amounts to goods and services.
• C) they are not as complicated as large economy models.
• D) they are relatively simple to work with.
• E) they are more politically and economically stable.

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Definitions:

Animal Behavior

The study of the various actions and interactions of animals, including communication, feeding, mating, and movement patterns.

Stimuli

Stimuli are changes in the external or internal environment that evoke a response from organisms or individual cells.

Adaptations

Modifications or adjustments in structure, function, or behavior that make a species more suited to its environment.

Imprinting

(1) The expression of a gene based on its parental origin; also called genomic imprinting or parental imprinting. (2) A type of learning by which a young bird or mammal forms a strong social attachment to an individual (usually a parent) or object within a few hours after hatching or birth.