A closed economy refers to an economy in which:

A. a country exports, but does not allow imports.
B. all goods are produced and sold domestically.
C. intermediate goods are sold domestically.
D. all goods are consumed domestically.

Answer: B

Economics

You might also like to view...

The main tool that the Federal Reserve uses to conduct monetary policy is

A) discount policy. B) open market operations. C) acting as the lender of last resort. D) check clearing. E) setting reserve requirements.

Economics

Medicaid coverage is universal for all low-income individuals regardless of health

a. True b. False

Economics