Question

which role is not found in a closed economy

Answer 1

In a closed economy, there are no external transactions with other economies; hence, certain roles typically associated with international trade and finance are absent. One key role that is not found in a closed economy is that of a **trade representative or international trade negotiator**. These individuals are responsible for handling trade agreements, tariffs, and relations with foreign countries, which are irrelevant in a closed economy where domestic production and consumption are the only factors at play.

Additionally, roles associated with foreign investment and currency exchange that rely on interactions with other economies are also not applicable in a closed economy.