Which of the following is used to describe an 'open' economy?
A) one which has few or no barriers to international trade
B) one that exports a small proportion of its output
C) one that is open to technological ideas from other countries
D) one that is open to immigration from other countries
Correct Answer:
Verified
Q3: Firms offshore
A) to obtain a higher quality
Q6: Offshoring is
A) when workers in a foreign
Q7: Over the past several decades there has
Q7: Goods and services bought domestically but produced
Q8: The largest proportion of world trade is
Q9: Domestically produced goods and services sold to
Q13: Between 1960 and 2010, Australia's imports increased
Q14: A tariff is a tax imposed by
Q35: What is the difference between imports and
Q36: What is a tariff?
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