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Question
A ‘closed economy’ is an economy in which
Options:
A .  only exports take place.
B .  the money supply is fully controlled.
C .  deficit financing takes place.
D .  neither exports nor imports take places.
Answer: Option D
Answer: (d)This is an economy that does not interact with the economy of any other country. A closed economy prohibits imports and exports and prohibits any other country from participating in their stock market.

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