What restriction would the government impose in a closed economy

Posted By Admin @ September 03, 2022

Question:

What restriction would the government impose in a closed economy?

The government would prohibit trade with other nations.
The government would set the prices for imported goods.
The government would preserve traditional customs only.
The government would prevent private ownership of property.

Answer:

In a closed economy, the government would prohibit trade with other nations.

An economy is where the production and consumption activities of businesses and individuals are interrelated. This domain also determines how resources are used in general.

  • A closed economy is where everything stays "within" the particular area.
  • In other words, a closed economy is where trading is done within one economy.
  • In this form of economic activity, there is no involvement or participation of outside factors or businesses.
  • This means that the government of one nation prohibits other nations from its trade.
  • It only allows trade within the nation and does not allow outside participation.

An economy where trading is done within itself or one nation and prohibits outside nations from getting involved is known as a closed economy. Thus, the correct answer is the first option.  

Learn more about "closed economy" here:

brainly.com/question/1397342

Similar Questions

  1. What is the role of government in a mixed economy
  2. Which of the following government agencies would complete the chart
  3. If aggregate expenditures exceed gdp in a private closed economy
  4. Which best describes how the us government affects the economy
  5. When the economy is in a recession the government can
  6. In a private closed economy when aggregate expenditures exceed gdp
  7. What political system calls for government control of the economy
  8. When does government regulate producers in a mixed market economy
  9. In a mixed market economy property owned by the government
  10. What role does the government play in a command economy
  11. When planned investment exceeds saving in a private closed economy
  12. Fiscal policy helps the government manage the economy by apex
  13. A country with a government described as an oligarchy would
  14. Which of the following examples of speech would be restricted
  15. Which form of government structure does state government closely resemble
  16. Which of the following situations would a local government address
  17. Which restriction does the us government placed on personal freedoms
  18. What did george mason think the federal government would become
  19. What would government do in a model free enterprise system
  20. Why would network systems employees be employed by the government
  21. Arguments for the government imposing restrictions on foreign trade include
  22. Under what circumstances would the government most likely lower taxes
  23. Under what circumstances would the government most likely raise taxes
  24. According to french economic philosophers how would the economy prosper
  25. If men were angels no government would be necessary meaning
  26. Increased pressure in the ventricles would close what valve s
  27. In what situation would the government use a no-bid contract
  28. In which situation would government regulation most likely be necessary
  29. Ice wedging is an example of which type of weathering
  30. The main focus of nih's conflict of interest policy is
  31. A percutaneous is performed to treat osteoporosis related compression fractures
  32. What is the best way to describe a gregorian chant
  33. The role of decision trees in product design is to
  34. What does the stage direction aside indicate in a play
  35. A gas has a pressure of 0.370 atm at 50.0
  36. Who was the most famous conductor of the underground railroad
  37. A model rocket is launched with an initial upward velocity
  38. Solve for x in the equation 2x 2-5x 1 3
  39. Find the measures of the numbered angles for each parallelogram
  40. A congressperson is a member of which branch of government
  41. What does the heliocentric view of a solar system imply
  42. As a nurse aide your role in preventing abuse is
  43. What is the next step to inscribe a regular hexagon
  44. What characteristic do fossil fuels soil and sunlight all share
  45. The mid-atlantic ocean ridge is an example of a _____.
  46. When a purely competitive firm is in long run equilibrium
  47. The fed uses open market operations by buying and selling
  48. Which of the following statements regarding inventory accounting is false
  49. Who was elected president of the confederate states of america
  50. Which of the following is not a sedimentary structure apex
  51. Withdrawing $10 every week from an outstanding balance of $400
  52. What was the impact of kristallnacht on the jewish community
  53. Which two characteristics do all jovian planets have in common
  54. Which of these was not a result of the internet
  55. All of the following statements are true about friends except
  56. Which group of elements has a full octet of electrons
  57. What did ernest rutherford discover in his gold foil experiment
  58. A marketing intermediary would most likely help a firm by
  59. The narrator says that other people characterize him as .
  60. Which is the first step in conducting a research project
  61. Which of the following will remove alcohol from your system
  62. The main difference between ponds and lakes is that ponds
  63. What can you determine about steve by analyzing his dialogue
  64. What is the difference between a cavern and a cave
  65. According to galileo why is the search for truth important
  66. Why are chemists interested in the submicroscopic description of matter
  67. All of the following are sources of air pollution except
  68. Abby applies for a federally-related loan to purchase a home
  69. How did western powers gain greater trading rights in china
  70. Blood returning to the mammalian heart in a pulmonary vein
  71. What were gods and goddesses associated with in prehistoric religion
  72. How many of beowulf's men is grendel able to kill
  73. The tens digit is 9 more than the ones digit
  74. The home health nurse is conducting a home safety assessment
  75. How to determine if a graph is one to one

Find the component form of the velocity of the airplane

The component form should be <70.71, -70.71>The calculation is as follows:horizontal component = module ( cos(angle))= 100 (cos(-45)) = 70.71And, vertical component = module (sin(angle))= …

Find the tangent plane to the surface at the point

The equation of the tangent plane is Tangent Plane:An equation of the tangent plane to the given surface at the point is,The function is,And the …

What outcome did the peloponnesian war have on ancient greece

The correct answer is C) weakened the power of Athens.The Peloponnesian war happened in 431 to 404 BC between Athens and Sparta, it began because …

After killing the albatross the mariner realizes that the bird

I'm pretty sure that the answer is: After killing the albatross, the Mariner realizes that the bird b. had been guiding the ship

Used as a warning system in the old north church

Answer:The answer is a lantern.Explanation:Old North Church was located in the North End, Boston and it is considered a mission regarding the Episcopal Diocese of …

Which of the following is not an example of plagiarism

The answer choice which is NOT an example of plagiarism is:Providing a correct source for a questionWhat is Plagiarism?This refers to the intellectual theft of …

Why are peas a good model system for studying heredity

They grow very fast and produce a lot of offspring

Why was jem crying at the end of chapter 7

One reason that Jem is crying is because Nathan Radley lied to him about the tree being sick; Jem asked Atticus if it looked sick …

Look at the long division problem shown on the right

Answer:c=2The remainder is 7.Step-by-step explanation:They want you to subtract those last two lines:----------------------------------------------------.2x comes from doing -18-(-20) or -18+20.Then you bring down the +15 so …

What does the visitor reveal to mr. and mrs. white

B their son has been killed in an accident!

Unit 3 parent functions and transformations homework 3 answer key

1) parent function of x^2 or a parabola. shifted down 6 units.2) parent function of |x| or absolute value of x. Reflected over the X-axis …

How do conservation tillage practices in agriculture benefit the soil

1. The correct answer is B. Conservation tillage practices help the soil erosion and also maintains soil nutrient levels.Conservation tillage is termed as the tillage …

Is the line extending from a to b or c

∠ABD is a right angle and ∠ABD = 90° will be correct for the given angles.What is an angle?An angle is a geometry in plane …

What was the first governing document of the united states

Answer:1. False 2. True3. True4. True? (unsure)5. True6. True 7. False8. TrueExplanation:1. The Articles of Confederation was the first governing document. 2. True 3. True4. …

A study of early african and asian civilizations shows that

It shows how their culture first formed and where we get some of our traditions. It also shows how early tribal life was like and …