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

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

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

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 international trade. A trade - based system that encourages the flow of goods and services is open to trade. An old - fashioned system preserving traditions has no relation to the concept of a closed economy.

Answer:

B. a restricted system that blocks trade with international partners