Based on Figure 23

question 4

Multiple Choice

Based on Figure 23.7, which of the following are examples of convergent evolution?

• A)wings in birds and bats
• B)lungs in lungfish and turtles
• C)jaws in sharks and lizards
• D)the amniotic egg of crocodiles and mammals

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Definitions:

Exchange Controls

Restrictions that a government may impose over the quantity of foreign currency demand by its citizens and firms and over the rate of exchange as a way to limit the nation’s quantity of outpayments relative to its quantity of inpayments (in order to eliminate a payments deficit).

Flexible Exchange Rates

Foreign exchange system where the value of currencies is determined by supply and demand in the forex market, without direct government intervention.

Services Trade

The exchange of services between countries, including sectors such as finance, insurance, transport, and tourism.

Goods Trade

The act of buying, selling, or exchanging tangible products between countries or within a country.