CLAT Sample Paper CLAT Sample Paper-2

  • question_answer
    A 'closed economy' is an economy in which

    A)  the money supply is fully controlled

    B)  deficit financing takes place

    C)  only exports takes place

    D)  neither exports nor imports take place

    Correct Answer: D

    Solution :

    An economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, means that no imports are brought in and no exports are sent out.

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