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Author Question: A closed economy refers to an economy with A) no immigration. B) tariffs and import quotas. C) ... (Read 85 times)

jace

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on: Jun 30, 2018
A closed economy refers to an economy with
 
  A) no immigration. B) tariffs and import quotas.
  C) government control of all factors of production. D) no international trade.

Question 2

The time and invested funds involved in starting a lawn-cutting business address the economic concept of
 
  A) the marginal principle. B) the principle of diminishing returns.
  C) opportunity cost. D) the real-nominal principle.


Alyson.hiatt@yahoo.com

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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