ECO561T University of Phoenix Open Economy Activities Discussion One standard that corporations use to evaluate their performance against their competitors

ECO561T University of Phoenix Open Economy Activities Discussion One standard that corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies to Work For, and other lists. The public also uses these rankings to decide to what companies they should give their business.Respond to the following in a minimum of 175 words:Discuss who gains and who loses when an economy opens for trade.Explain what determines exchange rates in the short and long run.