What Restriction Would the Government Impose in a Closed Economy?
Answer :
A. The government would prohibit trade with other nations.
B. The government would set the prices for imported goods.
C. The government would preserve traditional customs only.
D. The government would prevent private ownership of property.
Correct Answer: A. The government would prohibit trade with other nations.
In a closed economy, the government would impose restrictions on international trade, prohibiting imports and exports. This fundamental characteristic of a closed economy highlights the government's aim to maintain control over all economic transactions occurring within the nation's borders.
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