Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Economic SystemsQuestion 2

2

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Economic Systems

Question 2 of 10 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What restriction would the government impose in a closed economy?

Answer

T

The government would prohibit trade with other nations.

T

The government would set the prices for imported goods.

T

The government would preserve traditional customs only.

T

The government would prevent private ownership of property.

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