A closed economy refers to an economy in which:
A. all goods are produced and sold domestically.
B. all goods are consumed domestically.
C. intermediate goods are sold domestically.
D. a country exports, but does not allow imports.
Answer: A
A closed economy refers to an economy in which:
A. all goods are produced and sold domestically.
B. all goods are consumed domestically.
C. intermediate goods are sold domestically.
D. a country exports, but does not allow imports.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.