In an Open Economy,there Should Be a

question 23

Multiple Choice

In an open economy,there should be a

• A)close positive relationship between investment and savings.
• B)a close positive relationship between trade deficits and investment.
• C)a negative relationship between trade deficits and savings.
• D)a positive relationship between a country's savings rate and higher domestic interest rates.

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Definitions:

Cultural Background

The societal, ethnic, linguistic, and familial influences that shape an individual's identity and worldview.

Umbilical Hernia

A bulge or protrusion near the belly button that occurs when part of the intestine, fat, or fluid pushes through a weak spot in the abdominal muscles.

Silver Dollar

A coin traditionally made from silver that has variously served as legal tender in the United States.

Diabetes

A chronic condition characterized by high levels of sugar in the blood, resulting from the body's inability to produce or properly use insulin.