In an Open Economy,there Is Interaction with Other Economies in Terms

question 127

True/False

In an open economy,there is interaction with other economies in terms of both trading of goods and services and borrowing and lending.

---

Definitions:

Positive-Feedback Mechanisms

Biological processes in which a change leads to an even greater change in the same direction, often leading to a rapid completion of the process.

Superior

In anatomical terms, superior refers to a part of the body that is above or positioned higher relative to another part.

Inferior

A term used in anatomy to describe a structure or location that is below or lower than another part of the body; opposite of superior.

Posterior

Situated behind or at the back part of an organism or structure, opposite of anterior.