Which of the following best defines a closed economy?
A)an economy that does not trade with other economies
B)an economy that does not have free markets
C)an economy that does not allow immigration
D)an economy that does not grow

Question

Quizplus · Accepted Answer

A closed economy is one which does not trade with other economies, meaning all goods and services are produced and consumed within the country without any imports or exports.

Which of the Following Best Defines a Closed Economy