An economy that interacts with other economies is called:
A) an open economy.
B) a closed economy.
C) an international economy.
D) a global economy.

Question

Quizplus · Accepted Answer

An open economy interacts with other economies through trade, investments, and other economic activities. It is contrasted with a closed economy, which has limited or no interaction with other economies. While an international economy and a global economy also involve interactions with other economies, they may refer to a broader or more complex set of interactions than those captured by the term open economy.

An Economy That Interacts with Other Economies Is Called