A closed economy
A) does not trade with other economies.
B) is centrally-planned.
C) does not allow financial intermediation.
D) All of the above are correct.
Correct Answer:
Verified
Q8: Which of the following is correct?
A)In the
Q9: The identity that shows that total income
Q10: The purchase of a new house is
Q11: In national income accounting,we use which of
Q12: If national saving in a closed economy
Q14: A closed economy
A)does not engage in international
Q15: A closed economy does not engage in
Q16: In a closed economy,what remains after paying
Q17: In a closed economy,what does (T -
Q18: Y = C + I + G
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents