Question

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


allows private ownership of capital


has flexible exchange rates


has fixed exchange rates


conducts trade with other countries
GPT-4o mini
If a nation has an open economy, it means that the nation **conducts trade with other countries**. An open economy is characterized by the ability and willingness to engage in international trade, allowing the exchange of goods, services, and capital across borders.

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