Question

Which among the following could be said to be an 'Open Economy'?

a) A nation that follows the doctrine of Free-market and Laissez-faire economics
b) A nation that trades with other nations in goods and services and financial assets
c) An economy that operates without government intervention
d) None of the above

Answer 1

Answer:

$<marquee scrollamount=10>b) ♕a nation that trades with other nations in goods and services and financial assets ❣️♕</marquee$

Answer:

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Answer 2

Answer:

Option b)

Explanation:

An open economy is one that trades with other nations in goods and services and, most often, also in financial assets.