An article in the Wall Street Journal refers to Switzerland as​ "a small, open economy highly dependent on​ Europe." ​Source: Brian​ Blackstone, "As Swiss Economy​ Blooms, Central Bank Presents a​ Quandary," Wall Street Journal​, March​ 15, 2018. Is fiscal policy in Switzerland likely to be more or less effective than it would be in a less open​ economy? Briefly explain. A. Fiscal policy will have a larger impact on aggregate demand in an open economy than in a less open economy. B. Contractionary fiscal policy will be more effective in an open economy than in a less open economy. C. Expansionary fiscal policy will be more effective in an open economy than in a less open economy. D. Fiscal policy will have a smaller impact on aggregate demand in an open economy than in a less open economy.

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $