A closed economy is a national economy that
A)doesn't interact economically with the rest of the world.
B)has a stock market that is not open to traders from outside the country.
C)has extensive trading and financial relationships with other national economies.
D)has not established diplomatic relations with other national economies.

Question

Quizplus · Accepted Answer

A closed economy is one that doesn't interact economically with the rest of the world. In other words, it's an economy that is self-sufficient and doesn't trade or engage in financial transactions with other national economies.

A Closed Economy Is a National Economy That