Multiple Choice
What kind of country would most likely have a "small open economy"?
A) a country that trades with other countries and consistently has a trade surplus
B) a country that trades with other countries and consistently has a trade deficit
C) a country that trades with other countries and has a significant effect on world prices
D) a country that trades with other countries, but has a negligible effect on world prices
Correct Answer:
Verified
Correct Answer:
Verified
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