An economy with only a domestic sector is called:
A)a mixed economy.
B)an open economy.
C)a closed economy.
D)a command economy.

Name: An economy with only a domestic sector is called: A)a mixed economy. B)an open economy. C)a closed economy. D)a command economy.
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Question

Quizplus · Accepted Answer

A closed economy is an economy that has no economic transactions with the outside world. Therefore, it only includes the domestic sector.

An Economy with Only a Domestic Sector Is Called