Q11 what is open economy?And in (New Zealand) open economy ispossible?don't copy from internetexplain in you words.

Introduction Open economy is the economy which has economic relations with other countries of the…

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what is open economy? And in (New Zealand) open economy is possible?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

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what is open economy?
And in (New Zealand) open economy is
possible?
don't copy from internet
explain in you words.

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