Sign In
Ask Question
Social Studies
Paxton
26 September, 10:53
What is one example of a closed economy
+1
Answers (
2
)
Leland Cortez
26 September, 11:31
0
A closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no imports are brought in and no exports are sent out. The goal is to provide consumers with everything that they need from within the economy's borders. A closed economy is the opposite of an open economy, which is when a country will conduct trade with outside regions.
A closed economy is the opposite of an open economy, in which a country will conduct trade with outside region.
Comment
Complaint
Link
Jameson Henry
26 September, 12:40
0
A closed economy is an economy that does not interact with other economies. Meaning they do not get imports nor do they export anything from their economy.
One example is Brazil
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“What is one example of a closed economy ...”
in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
True or false? fascism put the needs of the nation as a whole above those of its citizenstrue. fascism put the needs of the nation as a whole above those of its citizens.
Answers (2)
What type of resume presents a person's education, work experience, and other information in order of the most recent item first?
Answers (1)
Quizlet love becomes a problem when: a. we choose to love the wrong person b. the person we love doesn't love us c. it gets in the way of our allowing individuals the right to experience the consequences of their choices d.
Answers (1)
Why is it important for citizens in a democracy to have more than one way to participate in government and politics?
Answers (1)
What state became a trade center because of charles town excellent harbor?
Answers (1)
New Questions in Social Studies
True or False: A $10 billion decrease in taxes will increase the equilibrium GDP by more than would a $10 billion increase in government expenditures.
Answers (1)
How was Georgia founded to meet specific goals and purposes?
Answers (1)
Compared with the Senate majority leader, the Speaker of the House has more power because Select one: a. the House places more limits on debate. b. the House is the larger chamber in terms of membership. c.
Answers (1)
Do you have to have a degree to be a dental assistant
Answers (1)
Which of the following is a direct result of the fact that white Americans have a lot of influence over where toxic dumps are located? A. Air pollution has been eliminated from most lower-income neighborhoods. B.
Answers (1)
Home
»
Social Studies
» What is one example of a closed economy
Sign In
Sign Up
Forgot Password?