If a nation has an open economy it means that the nation:

Related MCQs

• Free traders maintain that an open economy is advantageous in that it provides all of the following except:
• Which among the following could be said to be an 'Open Economy'?
• If a nation gains from trade its consumption point is
• The curve that shows howmuch of its import commodity a nation requires in exchange for various quantities of its export commodity is
• The amount of commodity a nation is willing to give up to get an additional unit of another commodity and still remain on the same indifference curve is known as
• ______________ is a summary statement of all economic transactions of the residents of a nation with the residents of Rest of the World (ROW) during a particular period of time.
• India is NOT a _____ abundant nation
• A nation engaging in trade according to the Ricardian model will find its consumption bundle
• The burden of a current account deficit would be the least if a nation uses what it borrows to finance:
• Under a fixed exchange rate system, a contractionary fiscal policy leads to a worsening in a nation’s balance-of-payments position if the resulting: