what is one example of a closed economy?\n○ a barter system that does not rely on money or other currency\n○…

what is one example of a closed economy?\n○ a barter system that does not rely on money or other currency\n○ a restricted system that blocks trade with international partners\n○ a trade - based system that encourages the flow of goods and services\n○ an old - fashioned system that preserves traditional choices and customs

what is one example of a closed economy?\n○ a barter system that does not rely on money or other currency\n○ a restricted system that blocks trade with international partners\n○ a trade - based system that encourages the flow of goods and services\n○ an old - fashioned system that preserves traditional choices and customs

Answer

Brief Explanations:

A closed - economy is one that has no trade with the outside world. It restricts international trade. A barter system is about the medium of exchange, not about openness to international trade. A system that encourages the flow of goods and services is more likely an open - economy concept. Preserving traditional choices and customs has no direct relation to the openness of an economy. A restricted system that blocks trade with international partners fits the definition of a closed - economy.

Answer:

B. a restricted system that blocks trade with international partners