Question

r
Subject Test
Note: -
You are attempting question 8 out
An economy is said to be closed economy, when:
a) Saving exactly equals investment at full employment
b) Imports exactly equal exports, so that trade is balance
c) Domestic firms invest in industries overseas
d) The home economy is isolated from foreign trade.
Answer
OA
OB
OD
Submit​

Answer 1

Answer:

correct option is D

Explanation:

The correct option is d) The home economy is isolated from foreign trade.

because a closed economy is one that does not swap their trading with outside economies. The closed economy is independent, meaning no imports enter the country and no exports leave the country.

Thank you!