The Major Difference Between a Closed Economy and an Open

Multiple Choice

The major difference between a closed economy and an open economy is that a(n)

A) closed economy balances budget, while an open economy does not.
B) open economy is a market economy, while a closed economy relies on planning.
C) open economy interacts with the rest of the world, while a closed economy does not.
D) closed economy keeps political affairs secret, while an open economy does not.