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Question

Modern economies are _______.

  1. closed
  2. open
  3. partially closed
  4. none of the above

A
open
B
partially closed
C
closed
D
none of the above
Solution
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Modern economies are economy in which there are economic activities between domestic community and outside. People or business can trade goods or services with other business or people in international communities and funds can flow as investment across borders.

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