Question

What restriction would the government impose in a closed economy?

The government would prohibit trade with other nations.
The government would set the prices for imported goods.
The government would preserve traditional customs only.
The government would prevent private ownership of property.

Answer 1

The government would prohibit trade with other nations.

Explanation: A closed economy does not engage in international trade (no imports or exports). The other options describe price controls, cultural policies, or property ownership restrictions, which are not defining features of a closed economy.