Answers Academy - Economics and Personal Finance Unit TestQuestion 21

21

QuizMultiple Choice

Unit Test

Question 21 • Academy - Economics and Personal Finance

What is one example of a closed economy?

Answer

A

a barter system that does not rely on money or other currency

B

a restricted system that blocks trade with international partners

C

a trade-based system that encourages the flow of goods and services

D

an old-fashioned system that preserves traditional choices and customs

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