An economy that trades with the rest of the world is a(n) ________.
A. closed economy
B. command economy
C. open economy
D. trade economy
Answer: C
Economics
You might also like to view...
Banks create money by
A) printing currency. B) asking the Fed to print more currency. C) lending to the Fed. D) making loans. E) buying government securities.
Economics
What is inflation bias? What measures have governments taken to avoid it?
What will be an ideal response?
Economics
How are financial intermediaries able to reduce transactions costs?
What will be an ideal response?
Economics
An example of a leading variable in the US is
A) GDP. B) investment is structures. C) the consumer price index. D) housing starts.
Economics