An economy that is an active participant in international trade is
A) an egalitarian economy.
B) a closed economy.
C) an economy whose currency value fluctuates widely.
D) an open economy.

Question

Quizplus · Accepted Answer

An open economy is one that engages in international trade, meaning it has open borders for trade with other countries. This includes the exchange of goods, services, and capital. A closed economy, on the other hand, does not participate in international trade and has closed borders. Therefore, choice D is the most appropriate answer.

An Economy That Is an Active Participant in International Trade