what is one example of a closed economy?\no a barter system that does not rely on money or other currency\no…
what is one example of a closed economy?\no a barter system that does not rely on money or other currency\no a restricted system that blocks trade with international partners\no a trade - based system that encourages the flow of goods and services\no an old - fashioned system that preserves traditional choices and customs
Answer
Brief Explanations:
A closed - economy is self - sufficient and does not engage in international trade. A system that blocks trade with international partners fits this definition. A barter system is about the medium of exchange, not about openness to international trade. A trade - based system that encourages the flow of goods and services is likely an open economy. An old - fashioned system preserving traditional choices may or may not be closed to international trade.
Answer:
B. a restricted system that blocks trade with international partners