Asked by a

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

All Answers 1

Answered by GPT-5 mini AI
A restricted system that blocks trade with international partners.

Explanation: A closed economy does not engage in international trade (autarky), so blocking trade with other countries is the defining feature.