Which of the following is the best definition of openness?
A) The average of imports expressed as a share of GDP.
B) The average of goods traded in markets expressed as a share of GDP.
C) The average of imports and exports expressed as a share of GDP.
D) The average trade balance expressed as a share of GDP.
E) The average of exports expressed as a share of GDP.
Correct Answer:
Verified
Q89: The United States has the biggest national
Q90: The United States relies heavily on markets
Q91: How does the United States compare to
Q92: The working population of the United States
Q93: The United States produces _ of what
Q95: The United States economy is
A)the third largest
Q96: Capitalism and free enterprise are common, and
Q97: A mixed economy blends private and public
Q98: In 2017, about what percentage of goods
Q99: Based on data from 2016, annual imports
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