An Economy That Doesn't Interact Economically with the Rest of the World

question 19

Multiple Choice

An economy that doesn't interact economically with the rest of the world is called ________ economy.

• A)a closed
• B)an open
• C)a surplus
• D)an authoritarian

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Definitions:

Controversial Industries

Sectors of the economy that generate public debate or disagreement, often due to ethical, environmental, or health concerns.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable and ethical operations.

Ethical Issue

A dilemma or circumstance that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).