{"id":11125,"date":"2025-10-09T23:41:49","date_gmt":"2025-10-09T12:41:49","guid":{"rendered":"https:\/\/casestudyhelp.com\/sample-questions\/?p=11125"},"modified":"2025-10-09T23:43:08","modified_gmt":"2025-10-09T12:43:08","slug":"what-restriction-would-the-government-impose-in-a-closed-economy","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/what-restriction-would-the-government-impose-in-a-closed-economy\/","title":{"rendered":"What Restriction Would The Government Impose In A Closed Economy?"},"content":{"rendered":"<h2><strong>What Restriction Would The Government Impose In A Closed Economy?<\/strong><\/h2>\n<p>A. The government would prohibit trade with other nations.<br \/>\nB. The government would set the prices for imported goods.<br \/>\nC. The government would preserve traditional customs only.<br \/>\nD. The government would prevent private ownership of property.<\/p>\n<p><span style=\"color: #000000\"><strong><span style=\"color: #808000\">Answer:<\/span> A : The government would prohibit trade with other nations.<\/strong><\/span><\/p>\n<h3>Brief Explanation:<\/h3>\n<p><span data-preserver-spaces=\"true\">An\u00a0<\/span>economy<span data-preserver-spaces=\"true\"> is where businesses and individuals&#8217; production and consumption activities are interrelated. This domain also determines how resources are used in general.<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">A\u00a0<\/span>closed economy<span data-preserver-spaces=\"true\"> is one where everything stays &#8220;within&#8221; the particular area.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">In other words, a\u00a0<\/span>closed economy<span data-preserver-spaces=\"true\"> is one where trading is done within one\u00a0<\/span>economy<span data-preserver-spaces=\"true\">.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">In this form of\u00a0<\/span>economic<span data-preserver-spaces=\"true\"> activity, outside factors or businesses have\u00a0<\/span>no involvement or\u00a0participation<span data-preserver-spaces=\"true\">.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">This means that the government of one nation prohibits other nations from its trade.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">It only allows trade within the nation and does not allow outside participation.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">An<strong>\u00a0<\/strong><\/span>economy<span data-preserver-spaces=\"true\"> where trading is done within itself or one nation and prohibits outside nations from getting involved is known as a\u00a0<\/span>closed economy<span data-preserver-spaces=\"true\">. Thus, the correct answer is the first option.<\/span><\/p>\n<p><a href=\"https:\/\/casestudyhelp.com\/MyOrder.php\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-10765 size-full\" title=\"order now\" src=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2024\/10\/best-academic-assistance.webp\" alt=\"order now\" width=\"800\" height=\"200\" srcset=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2024\/10\/best-academic-assistance.webp 800w, https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2024\/10\/best-academic-assistance-300x75.webp 300w, https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2024\/10\/best-academic-assistance-768x192.webp 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<blockquote>\n<h2 style=\"text-align: center\"><em><span style=\"color: #ff6600\">Make Your Academic Journey Easy and Smoother with Casestudyhelp.com<\/span><\/em><\/h2>\n<p><em>Students, are you concerned about your assessments? 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Answer: A : The government would prohibit trade with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[91],"tags":[],"_links":{"self":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts\/11125"}],"collection":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/comments?post=11125"}],"version-history":[{"count":2,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts\/11125\/revisions"}],"predecessor-version":[{"id":11127,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts\/11125\/revisions\/11127"}],"wp:attachment":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/media?parent=11125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/categories?post=11125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/tags?post=11125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}