Which of the Following Is Always Correct in an Open

question 24

Multiple Choice

Which of the following is always correct in an open economy?

• A)S = I
• B)S = NX + NCO
• C)S = NCO
• D)S = I + NCO

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Definitions:

Warranty Cases

Legal disputes that arise when there is a breach of express or implied warranties, guaranteeing the condition or quality of a product or service.

Product Defect

A flaw or deficiency in a product that makes it unsafe or unsuitable for its intended use.

Implied Warranty

A legal term for a guarantee that the goods or services sold meet certain quality standards, even though not explicitly stated.

Common Carrier

An entity that provides transportation services to the general public under license or authority provided by a regulatory body.