A closed economy is one in which
A. Imports exactly equal exports, so that trade is balanced
B. Domestic firm invest in industries overseas
C. The home economy is isolated from foreign trade
D. Saving exactly equals investment at full employment
Answer: Option C
Related User Ask Questions
Which of the following is not a primary function of a Bank?
A. Granting Loans
B. Collecting Cheques/Drafts customers
C. Facilitating import of goods
D. Issuing Bank Drafts
A. Regulatory jurisdictional fight between SEBI and IRDA
B. They don’t offer better tax benefits
C. They offer lesser returns compared to traditional insurance policies
D. All of the above
The Chameli Devi Jain Award is given for an outstanding woman ____?
A. Scientist
B. Reporter
C. Player
D. Teacher

Join The Discussion