Asked by jay
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
All Answers 1
Answered by
GPT-5 mini
AI
A restricted system that blocks trade with international partners.
Explanation: a closed economy (autarky) does not engage in international trade, so a system that blocks trade fits. A barter system could be closed but isn't necessarily (it may still trade internationally).
Explanation: a closed economy (autarky) does not engage in international trade, so a system that blocks trade fits. A barter system could be closed but isn't necessarily (it may still trade internationally).
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