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Curtis Strite

Lvl 13
3y ago

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What is a closed economy?

An economy that does not import or export goods


Is open end economy better than closed economy?

no


What you mean by open economy and closed economy?

By open economy it means that economy in which private people are allowed to participate in making economic decisions while,by closed economy it means the economy in which the government is the one planning for the whole society


Did the US economy was hurt when Britain closed its ports in the West Indies to American goods?

That's what I'm trying to ask you!


What country has the most closed economy?

CHINA!


What are the assumptions of multiplier theory of keynes?

closed economy


What major business closed due to economy?

GM, Gotchalks, Mervans


A free what was closed to slavery?

It is a free STATE that is closed by slavery. You know..... like when there is a free state, there is NO slavery. Therefore, it is like slavery is closed, that is way it is called closed to slavery.


What is the Circular flow of national income in four sector economy?

The economy is no longer closed and all other assumptions hold.


Show me the history of mixed economy?

The US economy is a mixed economy (in fact, almost every country today has a mixed economy.) I suggest wikipedia for a history of US economy.


Which economy is closer to US economy?

The US economy is closest to a capitalist economy system, although the US has been known to implement a few socialist policies (like more government intervention)


Foreign investment in the US is seen as a sign of in the US economy?

Foreign investment in the US is seen as a sign of in the US economy?