Author Question: What is interdependence? a. a system in which two countries have eliminated tariff barriers ... (Read 54 times)

809779 · **on:** Sep 4, 2018

What is interdependence?

a. a system in which two countries have eliminated tariff barriers between each other
b. the condition that exists when countries rely on other states as well as themselves to produce and
furnish those goods and services that they require
c. the negotiations that led to the creation of the European Economic Community
d. none of the above

Question 2

What is an open economic system?

a. a system in which exchange rates are determined by market forces
b. a system where tariff barriers have been reduced
c. a system in which Developing World states trade openly with each other
d. a system in which goods, services, and factors of production move according to supply and demand