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    Question

    Which of the following correctly describes an Open Economy?

    A An economy that facilitates free entry and exit Correct Answer Incorrect Answer
    B An economy that interacts with other countries Correct Answer Incorrect Answer
    C An economy that has no Government role Correct Answer Incorrect Answer
    D A country that has porous borders Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    An open economy is one which interacts with other countries through various channels. Most of the modern economies are open economy.

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