Multiple Choice
A closed economy is one that
A) uses tariffs.
B) uses quotas to restrict trade.
C) uses exchange controls.
D) does not trade with other nations.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q150: The major difference between a closed economy
Q151: What are some of the suggested remedies
Q152: The expected effects of an increased budget
Q153: For a major country with extensive capital
Q154: In an open economy, an increase in
Q156: A Japanese recession will be counteracted by
Q157: A rise in the relative prices of
Q158: An increase in the U.S.price level will
Q159: The expected effects of monetary expansion are<br>A)lower
Q160: Figure 36-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 36-3