An Economy That Doesn't Interact Economically with the Rest of the World

question 19

Multiple Choice

An economy that doesn't interact economically with the rest of the world is called ________ economy.

• A)a closed
• B)an open
• C)a surplus
• D)an authoritarian

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Definitions:

Regulation

A rule or directive made and maintained by an authority to regulate conduct.

Bar Associations

Organizations that represent the interests of the legal profession, setting standards for ethics and conduct, and providing training and resources for lawyers.

State Supreme Courts

The highest judicial court in a U.S. state, with final appellate jurisdiction over cases within that state.

State Legislatures

Bodies within each U.S. state responsible for the creation and amendment of state laws and regulations.