An economy that does not have interactions in trade or finance with other economies is referred to as:
A)an open economy.
B)a closed economy.
C)a trade-balanced economy.
D)a zero foreign investment economy.

Question

Quizplus · Accepted Answer

A closed economy is characterized by not engaging in international trade or financial transactions with other economies. It is also sometimes referred to as an autarky economy.

An Economy That Does Not Have Interactions in Trade or Finance