An economy that has interactions in trade or finance with other economies is referred to as
A)an open economy.
B)a closed economy.
C)a trade-balanced economy.
D)a net foreign investment economy.
E)a market economy.

Question

Quizplus · Accepted Answer

An open economy is one that engages in interactions with other economies through trade and finance. It is the opposite of a closed economy, which does not have such interactions. Therefore, option A is the correct answer.

An Economy That Has Interactions in Trade or Finance with Other