Step 1 - Understanding how blood keeps its pH roughly constant
In our blood there's a buffering system. A buffering system consists of a group of molecules which can undergo reactions in presence of acids or bases, quickly consuming them.
When a solution is buffered, its pH can remain constant as long as we add small quantities of acid or bases. In our blood, the buffering involves the anion bicarbonate, HCO3(-), as well as carbonic acid, H2CO3.
In the presence of acids, HCO3(-) quickly neutralizes it:
In the presence of bases, it is H2CO3 who acts:
Note that bicarbonate restitues carbonic acid, while carbonic acid restitutes bicarbonate. This way our blood remains its pH almost intact.
Step 2 - Choosing the right alternatives
The correct alternatives, based on what we have seen, are:
Blood can absorb small amounts of acids or bases without harmful effects
Blood contains buffers to help neutralize acids