A Private Closed Economy Includes

question 68

Multiple Choice

A private closed economy includes

• A) households, businesses, and government, but not international trade.
• B) households, businesses, and international trade, but not government.
• C) households and businesses, but not government or international trade.
• D) households only.

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Definitions:

Sustainability Initiatives

Programs or actions undertaken by an organization to minimize its environmental impact and operate in a socially responsible manner.

Effectiveness-oriented Metric

A measure used to evaluate how well a process or activity reaches its intended outcome or goal.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectations.

Operating Cost

Expenses associated with the day-to-day operations of a business, including salaries, utilities, and rent.