An economy that interacts with other economies is a(n):

Question

Quizplus · Accepted Answer

An open economy is one that interacts with other economies through trade, investment, and other forms of economic interaction. This is in contrast to a closed economy, which does not have significant interactions with other economies. While C) international economy and D) global economy may also describe an economy that interacts with other economies, A) open economy is the most commonly used term in economics.

An Economy That Interacts with Other Economies Is A(n)