One Difference Between a Closed and an Open Economy Is

question 239

Multiple Choice

One difference between a closed and an open economy is that:

• A) in the latter, foreign savings complement domestic savings in financing investment spending.
• B) in the latter, the government is more open to the idea of financing investment spending than in the former.
• C) in the former, foreign savings complement domestic savings in financing investment spending.
• D) in the former, foreign savings finance more investment spending than in the latter.

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Definitions:

Cathartic

Relating to the process of releasing, and thereby providing relief from, strong or repressed emotions.

Expressions Of Emotions

The process of conveying one's feelings or emotions through gestures, facial expressions, or verbal communication.

Group Setting

The physical or social context in which a group operates or interacts.

Counseled

Provided professional guidance in resolving personal or psychological problems.