What differentiates a closed economy from other economies?
a. trading with many partners
b. very little international trade
c. heavy importing with few exports
d. an emphasis on goods over services
b. very little international trade
Economics
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Long-term debt has a maturity that is
A) between one and ten years. B) less than a year. C) between five and ten years. D) ten years or longer.
Economics
In an economy without international trade, we can expect total output to equal
a. consumption spending plus investment spending plus government purchases b. consumption spending minus leakages c. the sum of leakages and injections d. consumption spending plus investment spending e. total spending minus leakages and injections
Economics