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9 November, 01:51

A closed economy is one in which:

a. saving exactly equals investment at full employment

b. imports exactly equal exports, so that trade is balanced

c. the home economy is isolated from foreign trade

d. domestic firms invest in industries overseas

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Answers (1)
  1. 9 November, 02:37
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    Hi) I think it's an economy which is isolated from the world ... so I'd say C
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