! To be defined as "small" an open economy needs to:a.Be small in terms of population sizeb.Be small in terms of geographical sizec. Be small in terms of political influenced.Be small in terms of absolute size of the NIIPe.None of the above

An economy is said to be an open economy when citizens of the economy are allowed to make…

To be defined as "small" an open economy needs to: a. Be small in terms of population size b. Be small in terms of geographical size Be small in terms of political influence d. Be small in terms of absolute size of the NIIP e. None of the above

To be defined as "small" an open economy needs to: a. Be small in terms of population size b. Be small in terms of geographical size Be small in terms of political influence d. Be small in terms of absolute size of the NIIP e. None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

To be defined as "small" an open economy needs to:
a.
Be small in terms of population size
b.
Be small in terms of geographical size
c. Be small in terms of political influence
d.
Be small in terms of absolute size of the NIIP
e.
None of the above

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