Montesia specializes in the production of heavy machinery.It exports machinery to the rest of the world and imports oil from Gulf countries.Based on this information,we can conclude that Montesia is a(n)________ economy.

Question

Quizplus · Accepted Answer

Montesia's economy is open because it engages in international trade by exporting machinery and importing oil from Gulf countries. A closed economy would not engage in international trade, while a command and communist economy would have centralized control and decision making over the production, distribution, and trade of goods and services.

Montesia Specializes in the Production of Heavy Machinery