MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Effects of an Open Economy

A country whi...

Question

A country which does not trade with other countries is called:

A

Open

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Closed

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Independent

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Closed

A closed economy does not trade with other countries.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Trade within the country is called ______ trade.

Q. Country A has trade agreements with Country B and Country C. Country A has another trade agreement with Country D.

In which ways has Country A done international trade?

Q. International trade does not influence the value of the currency of a country.

Q. Which of these countries did the Satavahanas not trade with?

Q.
Which of the following are major concerns with respect to India and free trade policies with other Nations?

1. Indian manufacturing sector is less competitive
2. Service sector is Indian strength but other countries are unwilling to open up for service sector
3. While trade with ASEAN has increased, deficit has also increased

Which of the above statements are correct?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Open Economy Economics

ECONOMICS

Watch in App

explore_more_icon

Explore more

Effects of an Open Economy

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon