what restriction would the government impose in a closed economy?\no the government would prohibit trade…
what restriction would the government impose in a closed economy?\no the government would prohibit trade with other nations.\no the government would set the prices for imported goods.\no the government would preserve traditional customs only.\no the government would prevent private ownership of property.
Answer
Brief Explanations:
A closed - economy is one that has no trade activity with outside economies. So the government prohibits trade with other nations. Setting prices for imported goods is not relevant as there are no imports in a closed - economy. Preserving traditional customs is not a defining restriction of a closed - economy. Preventing private ownership of property is related to property rights and not to the concept of a closed - economy.
Answer:
The government would prohibit trade with other nations.