A closed economy is an economy that:
A) does not interact with other economies.
B) publishes its financial information to the public.
C) collects tax revenue.
D) has free trade relationship with other countries.

Question

Quizplus · Accepted Answer

A closed economy does not interact with other economies, meaning it does not engage in international trade or financial transactions with other countries. It is a self-sufficient economy that produces and consumes goods and services within its own borders.

A Closed Economy Is an Economy That