A country that trades with other countries is called a(n)__________ economy.

Question

Quizplus · Accepted Answer

A country that trades with other countries is called an open economy, as it engages in international trade and foreign investment. The other options are not applicable as structural refers to the makeup of an economy, nominal refers to the value of currency, and centrally planned and closed economies do not actively engage in trade with foreign entities.

A Country That Trades with Other Countries Is Called A(n)__________