Question

Which of the following is true about an open economy?

• A. Consumers can now consume more
• B. Producers can hire more workers
• C. Banks can expand lending activities
• D. Producers can produce more

Answer 1

Answer: (A), (B), (C), (D)

The correct options are
A

Consumers can now consume more

B

Producers can hire more workers

C

Banks can expand lending activities

D

Producers can produce more

All of the above options are true.