Economics · Economics
What is referred to as a 'Closed Economy'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An economy where there are both import and export.
- 2An economy where there is neither import nor export.✓
- 3An economy where there is only import.
- 4An economy where there is only export.
Correct answer
An economy where there is neither import nor export.
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