ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which of the following correctly describes an Open

    Economy?
    A An economy that facilitates free entry and exit Correct Answer Incorrect Answer
    B An economy that interacts with other countries Correct Answer Incorrect Answer
    C An economy that has no Government role Correct Answer Incorrect Answer
    D A country that has porous borders Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    An open economy is one which interacts with other countries through various channels. Most of the modern economies are open economy.

    Practice Next
    More Economic and Social Issues ESI Questions
    ask-question