what restriction would the government impose in a closed economy?\nthe government would prohibit trade with…
what restriction would the government impose in a closed economy?\nthe government would prohibit trade with other nations.\nthe government would set the prices for imported goods.\nthe government would preserve traditional customs only.\nthe government would prevent private ownership of property.
Answer
Brief Explanations:
A closed - economy is self - contained, with no trade with foreign countries. This is the key characteristic that differentiates it from open economies.
Answer:
The government would prohibit trade with other nations.