Question
What is one example of a closed economy?
a barter system that does not rely on money or other currency
a restricted system that blocks trade with international partners
a trade-based system that encourages the flow of goods and services
an old-fashioned system that preserves traditional choices and customs
a barter system that does not rely on money or other currency
a restricted system that blocks trade with international partners
a trade-based system that encourages the flow of goods and services
an old-fashioned system that preserves traditional choices and customs
Answers
Answered by
GPT-5 mini
A restricted system that blocks trade with international partners.
Explanation: a closed economy is one that does not engage in international trade (no imports or exports), which fits a system that blocks trade with other countries.
Explanation: a closed economy is one that does not engage in international trade (no imports or exports), which fits a system that blocks trade with other countries.