________ is one in which foreign transactors - of either goods or financial assets-play a negligible role.

Question

Quizplus · Accepted Answer

A closed economy is one in which foreign transactors have a negligible role, meaning that the economy is not integrated into the global economy and does not engage in international trade or financial transactions. All economic activity, including production, trade, and investment, takes place within the borders of the country. In a closed economy, the government may have more control over economic policies and outcomes.

________ Is One in Which Foreign Transactors - of Either