Which of the Following Is True for a "Closed Economy

question 27

Multiple Choice

Which of the following is true for a "closed economy"?

• A)government spending equals taxes
• B)there are no imports or exports
• C)exports equal imports
• D)there is no saving
• E) there is no government spending or taxes

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Definitions:

Need To Belong

A basic human drive to create and sustain robust, lasting connections with others.

Mental Health Problems

A wide range of conditions that affect mood, thinking, and behavior, often requiring professional diagnosis and treatment.

Poor Physical Health

A state characterized by ill health or impaired physical functioning, often resulting from disease, injury, or lifestyle choices.

Mutual Concern

A state where individuals or groups have shared interests, problems, or goals often leading to cooperation or collaborative efforts.