A Country with No Trade and No Borrowing and Lending

question 93

Multiple Choice

A country with no trade and no borrowing and lending relationships with other countries is known as a(n)

• A)planned economy.
• B)market economy.
• C)open economy.
• D)closed economy.

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Definitions:

Biases

Prejudices or inclinations towards or against something or someone, often considered to be unfair.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, which is often determined by factors such as income, education, and occupation.

Open-Ended Question

An inquiry format that allows for a detailed, descriptive answer rather than a simple one-word or brief response.

Closed-Ended Question

A type of question formulated to receive a specific and limited range of answers, often yes/no or picking from multiple choices.