If a nation has an open economy,it means that the nation:

Question

Quizplus · Accepted Answer

An open economy implies that a nation conducts trade with other countries, meaning that there is an exchange of goods, services, and currency transactions. The other options do not solely define an open economy. Private ownership of capital is possible in both open and closed economies, while fixed exchange rates do not always suggest an open economy, since countries may adopt them regardless of trade activities. Flexible exchange rates may be more prevalent in an open economy, but they are not a defining characteristic.

If a Nation Has an Open Economy,it Means That the Nation