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Question
what is one example of a closed economy?
a barter system that does not rely on money or other currency
a restricted system that blocks trade with international partners
a trade - based system that encourages the flow of goods and services
an old - fashioned system that preserves traditional choices and customs
A closed - economy is one that has no trade with international partners. A barter system is about the medium of exchange, a trade - based system with flow of goods and services is more open, and an old - fashioned system about traditions is not related to the concept of a closed economy.
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a restricted system that blocks trade with international partners