Question

what restriction would the government impose in a closed economy?
the government would prohibit trade with other nations.
the government would set the prices for imported goods.
the government would preserve traditional customs only.
the government would prevent private ownership of property.

Explanation:

A closed economy is one that does not engage in international trade (imports or exports). So the government in a closed economy would prohibit trade with other nations. The option about setting prices for imported goods is irrelevant as there are no imports. Preserving traditional customs is not related to economic restrictions of a closed economy. Preventing private property ownership is a feature of a command economy, not specifically a closed economy.

Answer:

A. The government would prohibit trade with other nations.