Solved

Economies More Open to Foreign Trade Are More Efficient in Production

Question 180

Multiple Choice

Economies more open to foreign trade are more efficient in production partly because:


A) more open economies tend to receive more foreign aid.
B) foreign producers are more productive than domestic producers.
C) free trade opens a country up to new ideas and innovation.
D) property rights are less important in a more open economy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents