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    Question

    Closed economy is an economy in

    which? 
    A Physical borders are fully sealed Correct Answer Incorrect Answer
    B Money supply is controlled by the government Correct Answer Incorrect Answer
    C Fiscal deficit is zero Correct Answer Incorrect Answer
    D Export import is not allowed Correct Answer Incorrect Answer
    E Import is not allowed Correct Answer Incorrect Answer

    Solution

    A closed economy is self-sufficient, meaning no imports are brought in and no exports are sent out, the goal being to provide consumers with everything they need from within the economy's borders. A closed economy is the opposite of an open economy, in which a country conducts trade with outside regions.

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