McqMate
| Q. |
"Closed Economy" means : |
| A. | no provision for public sector |
| B. | no provision for private sector |
| C. | economy policy not well defined |
| D. | a country having no imports and exports |
| Answer» D. a country having no imports and exports | |
|
Explanation: Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no imports are brought in and no exports are sent out. The goal is to provide consumers with everything that they need from within the economy's borders. |
|
View all MCQs in
Economics (GK)No comments yet