An "Open" Economy Is One in Which

question 138

Multiple Choice

An "open" economy is one in which:

• A) the level of output is fixed.
• B) government spending exceeds revenues.
• C) the national interest rate equals the world interest rate.
• D) there is trade in goods and services with the rest of the world.

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Definitions:

Relationship and Image

Aspects related to how an entity or individual is perceived in the market or by the public, and how they interact or relate with customers, partners, or other relevant entities.

Environmental Costs

Expenses associated with the impact of a company's activities on the environment.

Environmental External Failure Costs

Expenses associated with environmental damage caused by a company's products or processes, paid outside the company, such as fines or cleanup costs.

Calculate

To determine the amount or number of something using mathematical processes.