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.

Question

Quizplus · Accepted Answer

An economy that has interactions in trade or finance with other economies is referred to as an open economy. In an open economy, the flow of goods, services, and capital across international borders is significant, reflecting a greater level of economic interdependence between countries.

An Economy That Has Interactions in Trade or Finance with Other