Most of the countries that are closed to global trade are
A) social democracies.
B) among the poorest countries in the world.
C) oil-rich countries.
D) among the largest economies and therefore do not need to trade with other countries.
E) geographically isolated from the rest of the world.

Question

Quizplus · Accepted Answer

Countries that are closed to global trade are usually among the poorest countries in the world. This is because they often lack the resources, infrastructure, and technology to compete in the global marketplace, and they may also have restrictive government policies that limit trade. Countries that are more developed and have larger economies tend to be more open to trade, as they have more to gain from taking part in global commerce.

Most of the Countries That Are Closed to Global Trade