WBCS.LIVE practice question

A closed economy is one which-

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Does not trade with other countries
  2. Does not possess any means of international transport
  3. Does not have a coastal line
  4. Is not a member of the U.N.O

Correct answer and explanation

Correct answer: Does not trade with other countries