Solved

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

Question 25

Multiple Choice

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

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

Related Questions

Q20: In an economic model,<br>A) endogenous variables determine

Q21: The presence of a distorting tax on

Q22: The experience of the Canadian economy during

Q23: In the model where q,when q increases,government

Q24: Real business cycle theory argues that the

Q26: An increase in total factor productivity shifts

Q27: Examples of exogenous variables include<br>A) real wages,

Q28: In an economic model,government spending is assumed

Q29: A relationship that shows the technological possibilities

Q30: According to our model,increasing G during a