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Question
When considering international trade, which of the following would be most conducive to domestic economic growth?
A) a closed economy
B) an economy in which its domestic industries are protected by tariffs
C) an economy with free and open markets to the outside world
D) an economy in which most decisions are made by a central governmental authority
Answer
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Related questions
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Which of the following statements is FALSE?
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The United Statesʹ balance of payments is likely to improve whenA) there is an increase in political instability in other countries.B) the inflation rate in the United States rises relative to other countries.C) the American government increases its spending on foreign aid. D) American people want to invest more in foreign countries.