According to the Text, an Open Economy Is Likely to Have

question 199

Multiple Choice

According to the text, an open economy is likely to have all the following EXCEPT

• A)high economic growth.
• B)relatively more trade barriers.
• C)high technological progress.
• D)relatively more rapid spread of ideas.

---

Definitions:

Operating Efficiency

A measure of the effectiveness and productivity with which a business or organization operates, often relating to how well it utilizes its resources.

Asset Use Efficiency

How effectively a company utilizes its assets to generate revenue.

Times Interest Earned Ratio

A financial metric that measures a company’s ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Creditors

Individuals or institutions that lend money or extend credit to others, with the expectation of being paid back with interest.