menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 67
  4. Exam
    Exam 5: A Closed-Economy One-Period Macroeconomic Model
  5. Question
    An Economy That Has No Interaction with the Rest of the World
Solved

An Economy That Has No Interaction with the Rest of the World

Question 61

Question 61

Multiple Choice

An economy that has no interaction with the rest of the world is called


A) a parochial economy.
B) a closed economy.
C) an isolated economy.
D) an interdependent economy.
E) a rogue nation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q53: An increase in government spending<br>A)reduces consumption, increases

Q54: In the model with Keynesian sticky wages

Q55: The marginal rate of transformation is<br>A)is equal

Q56: An increase in total factor productivity shifts

Q57: A competitive equilibrium is a state of

Q58: Points on the production possibilities frontier have

Q59: The substitution effect that results from a

Q60: According to the Laffer Curve<br>A)higher tax rates

Q62: Immunization from communicable diseases generate<br>A)the provision of

Q63: Government spending in the one-period model acts

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines