Economics · Types of Economies
What is meant by a 'Closed Economy'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An economy in which only imports take place
- 2An economy in which only exports take place
- 3An economy in which both imports and exports take place
- 4An economy in which neither imports nor exports take place✓
Correct answer
An economy in which neither imports nor exports take place
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