Ask Question
BusinessBusiness
3 May, 20:53

A closed economy a. does not engage in international trade of goods and services. b. does not engage in international borrowing or lending. c. both A and B d. engages in international borrowing and lending.

+3
Answers (1)
  1. 3 May, 23:26
    0
    The correct option is C, both A and B

    Explanation:

    A closed economy is not opened to the idea of international trade, where its surplus commodities can be traded with other nations of the world in order to earn foreign exchange while at the same procuring from trading partners products required by its nationals not available at all in the economy or the ones that are not available in the required quantity.

    A closed economy also assumes itself to be sufficient in the area of fiscal policy management by not engaging in international borrowing or lending arrangements.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A closed economy a. does not engage in international trade of goods and services. b. does not engage in international borrowing or lending. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When a parent uses the equity method throughout the year to account for its 80% investment in an acquired subsidiary, which of the following statements is false at the date immediately preceding the date on which adjustments are made on the
Answers (1)
Speculators: A. serve no important economic function, except buying low and selling high. B. move resources from periods of low-value use to periods of high-value use. C. are a key source of inflation. D.
Answers (1)
Hayes Corporation has $290 million of common equity on its balance sheet and 5,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $165 million. What is the company's stock price?
Answers (1)
An entity has two long-term construction contracts, one of which qualifies for revenue recognition while the performance obligation is being met and the other which does not.
Answers (2)
Thomas Malthus's predictions turned out to be wrong due to: a. technological advances such as those during the Industrial Revolution. b. smaller populations now than in the time of Malthus. c. the effects of brain-drain. unlimited natural resources.
Answers (1)
New Questions in Business
Which of the following changes can take place in the long run? A. labor force b. machinery c. Technology. D. All of these can be changed in the long run
Answers (1)
During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should:
Answers (1)
A bond will sell at a premium (above par value) ifA) the market value of the bond is greater than the discount rate of the bond. B) investor's current required rate of return is below the coupon rate of the bond.
Answers (1)
Which financial transaction is associated with the home rental process? a. down payment b. closing fee c. deposit d. taxes, tags, and title fees
Answers (1)
When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may be considered a red flag for
Answers (1)
Home » Business » A closed economy a. does not engage in international trade of goods and services. b. does not engage in international borrowing or lending. c. both A and B d. engages in international borrowing and lending.
Sign Up Forgot Password?