1
Q:
| A) Brazil | B) China |
| C) Pakistan | D) India |
Answer: A) Brazil
Explanation:
Explanation:
Brazil is one example of a closed economy in the given options.
A closed economy is one that has no trade activity with outside economies. A closed economy is self-sufficient, which means no imports come into the country and no exports leave the country. A closed economy's intent is to provide domestic consumers with everything they need from within the country's borders.
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