An Open Economy Is a National Economy That

question 52

Multiple Choice

An open economy is a national economy that

• A)has good relations with its neighbouring countries.
• B)has a stock market that is open to traders from anywhere in the world.
• C)has extensive trading and financial relationships with other national economies.
• D)has established diplomatic relations with most other nations.

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Definitions:

Main Connective

In logic, the connective that determines the main logical operation in a compound statement.

Truth Values

The valuation of a statement as either true or false within the framework of logic and mathematics.

Truth Table

A mathematical table used in logic to determine the validity of a proposition's truth values under various possible combinations of truth values for its components.

Antecedent

In logic, the first part of a conditional statement; the condition in "if-then" statements.