An Open Economy Is One That

question 74

Multiple Choice

An open economy is one that

• A) relies on a market system to allocate scarce resources.
• B) relies on central planning to allocate scarce resources.
• C) has a flexible exchange rate.
• D) trades with other countries.
• E) does not trade with other countries.

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Definitions:

Personality Type

A classification that reflects the characteristic patterns of thoughts, feelings, and behaviors that make a person unique.

Fixated Stage

A concept in Freudian psychoanalysis that suggests a person may be stuck at an early developmental stage due to unresolved conflicts.

Freudian Stage

Stages of psychosexual development outlined by Sigmund Freud, theorized to influence personality based on the focus of libidinal energies at different ages.

Fixation Evidence

Data or observations supporting the psychological concept that individuals can become stuck at an early developmental stage, affecting future behavior and attitudes.