An Open Economy

question 70

Multiple Choice

An open economy

• A) can save only by building up its capital stock.
• B) can save only by acquiring foreign wealth.
• C) cannot save either by building up its capital stock or by acquiring foreign wealth.
• D) can save either by building up its capital stock or by acquiring foreign wealth.
• E) can save by avoiding excessive imports.

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Definitions:

Develop

The process of growing, expanding, or improving something through a series of steps or stages.

Clinical Trials

Research studies performed in humans that are aimed at evaluating a medical, surgical, or behavioral intervention.

Successful

The achievement of set goals or objectives, often marked by favorable outcomes.

Large Market

A market with a vast number of consumers and suppliers, often associated with significant sales potential and competitive dynamics.