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Author Question: A country with no trade and no borrowing and lending relationships with other countries is known as ... (Read 52 times)

Metfan725

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on: Jun 29, 2018
A country with no trade and no borrowing and lending relationships with other countries is known as a(n)
 
  A) closed economy. B) planned economy. C) open economy. D) market economy.

Question 2

What is meant by the term homogeneous products? Give an example.
 
  What will be an ideal response?


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tuate

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Homogeneous products are products that are identical to or indistinguishable from
one another. An example would be a grade A, large egg. It is impossible to tell one
farmer's eggs from another.


Metfan725

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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