An Economy That Has No Interaction with the Rest of the World

question 2

Multiple Choice

An economy that has no interaction with the rest of the world is called

• A) an isolated economy.
• B) a closed economy.
• C) a parochial economy.
• D) a rogue nation.
• E) an interdependent economy.

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Definitions:

Authoritative Requests

Demands or commands given by a person in a position of power, which are expected to be followed without question.

Region of Inattention

Areas or aspects that are ignored or overlooked within a certain context, especially in cognitive psychology or information processing.

Coercive Power

The ability to control others through the threat of punishment or the imposition of unpleasant conditions.

Positive Outcomes

The beneficial or desired results of an action or set of actions, often used in the context of goals and objectives.