What is closed economy in economics?

Answers

Answer 1

A closed economy is an economy that does not engage in international trade. This means that all the goods and services produced within the economy are consumed within the economy, and no foreign goods or services are imported.

What is closed economy ?In a closed economy, the government typically plays a larger role in economic decision-making and the allocation of resources. The opposite of a closed economy is an open economy, which actively engages in international trade and is influenced by global market forces.A closed economy is an economy that does not engage in international trade. This means that all the goods and services produced within the economy are consumed within the economy, and no foreign goods or services are imported. Aside from the potential benefits, maintaining a truly closed economy is difficult in modern society, in part because raw materials are essential in everyday life and the production of finished goods. Many countries that are manufacturing and exporting powerhouses do not have all of the necessary raw materials on hand and must import them.

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Related Questions

A loan made to the government that pays a fixed amount of interest at a
certain time is a
A. savings account
B. bond
C. stock
D. hedge fund

Answers

Answer:

B. Bond

Explanation:

Did the test.

When a loan made to the government which provides a fixed amount of interest at the end of the period, then that is treated as a bond.

Option B is correct.

What is an interest?

An interest is a kind of charge being levied on the borrowed funds till its maturity. It can be based on monthly, yearly or quarterly depending upon the lender.

A type of financial security that is being tradeable in the stock market is called a bond. It can be issued by the companies or even sometimes the government in the monetary market. The investors who acquire the bonds for certain period of time, usually five years, then those investors are called as bond investors or bondholders.When the term of bond ends, that is, the maturity period, then the bond investor gets the principal amounts along with interest. There are various categories of bonds issued with varying maturities and features.

Therefore, the description written in option B is correct.

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You just celebrated your first full year in business. You earned
$100,000 in revenue and had $65,000 of expenses. The
$35,000 you have left is called your...

1. Profit
2. Sales
3. Services
4. Expenses
5. Goods

Answers

Answer:

I think its #1 bro i don't know

Retail websites can most advisedly grow their email list by Group of answer choices automatically putting all customers on the broadcast email list require an email sign-up before allowing customers to shop on the site putting an email sign-up pop-up advertisement on every page of the website allowing customers to sign up for the email list during the checkout procedure

Answers

Answer:

Allowing customers to sign up for the email list during the checkout procedure

Explanation:

Mobile Shopping

This is on a rapid increase and a common trend due to the popularity of smartphones and tablets, mobile shopping is the practice of purchasing goods or services using a mobile device. There is the act of shopping online using a computer, only with a smaller screen. Mobile shoppers can complete their transactions either on a retailer's mobile site or with the use of an app.

Email marketing has information about deals that might interest its customers. Customers usually do not like stress and one of the best way to sign up for emails is during checkout time for goods bought.

Often, an objection is simply a request for

A. a discount

B. a different salesperson

C. more time

D. more information

Answers

Answer:

C. and D.

Explanation:

An Objection is when a certain something strongly disagrees with a reasoning But that reasoning can be very challanging to be dealt with. an expression or feeling of disapproval or opposition; a reason for disagreeing.

The County Commission of Benton County adopted its General Fund budget for the year ending June 30,comprising estimated revenues of $3,200,000 and appropriations of $2,900,000.Benton County utilizes the budgetary accounts required by GASB standards.The journal entry to record budgeted appropriations will include
A) A credit to Appropriations,$2,900,000.
B) A credit to Encumbrances,$2,900,000.
C) A debit to Estimated Expenditures,$2,900,000.
D) A credit to Budgetary Fund Balance,$2,900,000.

Answers

D is the correct answer

Career Cluster
If your dream is to be an elementary school teacher, the
might be best for you.
A. Education and Training
B. Human Services
C. Health Sciences
D. Training and Instruction

Answers

Answer: A

Explanation

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised break-even point in units would:

Answers

Answer:

"Decrease by 250" is the appropriate response.

Explanation:

The given values are:

Revised fixed cost,

= $150,000

Current selling price,

= $100

Current variable cost,

= $60

Current contribution will be:

=  [tex]Current \ selling \ price-Current \ variable \ cost[/tex]

=  [tex]100-60[/tex]

=  [tex]40[/tex]

Now,

The revised BEP will be:

=  [tex]\frac{Revised \ fixed \ cost}{Revised \ contribution}[/tex]

On substituting the values, we get

=  [tex]\frac{150,000}{40}[/tex]

=  [tex]3750 \ units[/tex]

hence,

=  [tex]4000-3750[/tex]

=  [tex]250[/tex]

Thus the above is the correct answer.

30 points please help!
Olive's organic Baby food believes their reputation is being put down by a competitor because of their untruthful advertising. Which of the following types of business tort is this?
a. fra ud
b. crim inal
c. defam ation

Answers

Answer:

i believe is fraud

Explanation:

if you find it helpful pls give me the points

Which of the following laws limits the hours and types of duties in which teens can work​

Answers

Fair Labor Standards Act

Emily and Steffi work at Education Yours, a nonprofit educational institution. Steffi, newly hired on a temporary teaching assignment, was asked last month by her supervisor to teach an online course. Being new to online teaching, Steffi is considering her efficacy. She talks to Emily and other individuals who have been teaching online for several years. Emily takes pride in her teaching and always approaches her teaching with total enthusiasm. Emily tells Steffi that she believes exerting a high level of effort will result in a successful performance in her online teaching. Which of the following best describes Emily's belief about exerting a high level of effort?
A. Equity
B. Instrumentality
C. Expectancy
D. Emotional cues
E. Valence

Answers

Answer: expectancy

Explanation:

The option that describes Emily's belief about exerting a high level of effort is "expectancy".

Expectancy theory, simply suggests that the behavior of people are motivated as a result of the results that they expect.

Therefore, Emily's belief that a high level of effort will result in a successful performance in her online teaching shows that she's motivated based in what she wants to achieve which is what the expectancy theory entails.

Question 11 of 40
Which of these is most likely to threatened a company's financial security?
A. shoplifting
B. social security numbers
C. infringement
D. embezzlement
SUBMIT

Answers

Social security numbers I do believe! :)

Answer: I’m pretty sure it’s D. embezzlement.

Explanation:

Embezzlement is described as theft or misappropriation of funds placed in one's trust or belonging to one's employer. Not sure though!

Why do corporations, companies, and government agencies use formal application forms?

Answers

Answer:

due to the amount of employment requests , they need a uniform document to organize records and identify candidates' skills

Explanation:

How do businesses compete for customers?

Answers

Answer:

marketing team and review resources

You can buy a computer with your credit card and pay for it over the course of one year. With an interest rate of 16 percent, you would need to pay $181.46 for 12 months to pay off the charge. You can rent the computer for 12 months for $200 per month and, at the end of the rent period, buy it for $300. How much will you save by purchasing the computer with your credit card instead of using the rent-to-own plan?

Answers

Answer:

you can save $522.48 by purchasing the computer with the credit card

Explanation:

total money paid to the credit card company = $181.46 x 12 = $2,177.52

total money paid for renting the computer = $200 x 12 = $2,400, plus the final payment = $2,400 + $300 = $2,700

money saved by using the credit card = $2,700 - $2,177.52 = $522.48

helppppp due in 1 minute!!!!
A bush pilot was asked to fly the perimeter of a state park to look for black bears. The state park is a rectangular shape 20 miles wide and 32 miles long. What is the perimeter of the state park?
A 52 miles
B 104 miles
C 320 miles
D 640 miles

Answers

B
2(32+20)
= 104
hope this helps

Answer:

It is B

Explanation:

20x2 + 32x2 = 104

Which is B

Hope this helped :)

Direct mail is considered a push marketing strategy since the mail is “pushed" on tourists.

A.) True
B.) False

Answers

a).....................

It's True that direct mail is considered a push marketing strategy since the mail is "pushed" on tourists

What is Push marketing?

"A push marketing strategy, also called a push promotional strategy, refers to a strategy in which a firm attempts to take its products to consumers – to “push” them onto consumers.

In a push marketing strategy, the goal is to use various active marketing techniques to push their products to be seen by consumers, sometimes right at the point of purchase.

One of the main objectives of push marketing is to reduce to as small as possible the amount of time that elapses between the customer seeing a product and making a purchase decision to buy the product."

Examples of Using a Push Marketing Strategy:

With a push marketing strategy, the firm takes the product to consumers. Consumers are introduced to, or reminded of, the product through any of several available push marketing methods:

Direct selling to customers – e.g., a car salesman who meets customers in the company’s auto showrooms

What is tourist?

Tourism is the generic term used to cover both demand and supply that has been adopted in a variety of forms and used throughout the world.

A tourist is a person who travels away from where they live to partake in leisure or business [tourism] activities for a specified period of time.

Types of tourists vary and tourists can sit anywhere along the spectrum between allocentric explorers and mass organized holidaymakers.

Hence, option A is the correct answer

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Budgeting for needs
Select the items that are needs from your credit card statement
Last Month
Groceries $200
Movie rentals $15
Concert Tickets $120
Internet Services $60
Fitness Class $35
Go-Kart racing $50

I've tried so many combinations and none of them work. I assume groceries is 100% one of the options. Can't seem to find the others.

Answers

Answer:

groceries

Explanation:

Which phrase best completes the diagram?
Macroeconomic Goals for a Society
?
Stable prices
Economic growth
A. Increased inflation
B. Per capita GDP
C. Full employment
D. Decreased production

Answers

Answer:

Full Employment

Explanation:

just took the test

The phrase that best completes the given diagram is the full employment. Option C is correct.

What is macroeconomic?

Macroeconomics is defined as a discipline of economics that studies an economy's whole performance, behavior, structure and decision-making.

This includes the economics of the country, region, and the world. The main goal of macroeconomics involves the full employment, then if the country is fully employed, this will make the prices stable and at last the economic growth occurred.

Therefore, option C is correct.

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Read the scenario below and then answer the question. Sample scenario: Scientists have created a new grass seed that stops grass growth at a specific length, eliminating the need to mow the lawn. The price of this seed is high, but many consumers still want to use it. As a result, several different producers supply a large amount of this seed to consumers. In order to attract consumers to their product, some producers lower their prices and supply fewer bags of seeds. What is the best description of the grass seed that is described in this scenario

Answers

Answer: a good with an elastic supply

Explanation:

Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.

Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.

Answer:

It's a good with an elastic supply

Explanation:

edge 2021

how can exchange rates change to reduce the wage differential between countries​

Answers

Answer:

The exchange rate is the value for which one currency can be exchanged for another. Thus, for example, 20 Mexican pesos are needed to acquire an American dollar.

Technically, it could happen that a country changes its exchange rate with respect to a hard currency (such as the Dollar or the Euro) through fixed exchange rates, in order to increase the value of the salaries of its citizens, measured in international currencies. For example, if the Mexican government fixed a parity between the dollar and the peso of value 1 to 1, the minimum wage of Mexicans would go from being worth $ 215 to multiplying by 20, that is, to $ 4,300.

Now, in practice, this situation is practically impossible, since it would imply a monetary modification in the country that makes the adjustment, since otherwise it would imply an unprecedented inflationary peak.

Tom is the aerobics coordinator at a fitness center. He needs a more efficient way for his instructors to share information. Class schedules are updated on a regular basis. Instructors need to indicate when they cannot teach a class and other instructors need to be able to sign up to cover the class. Instructors also often attend training classes and learn new procedures. Having a place to share their learning and update procedures will benefit them and their clients. Cindy is taking a business class and told Tom about a great tool that will serve their needs. What was the technology tool Cindy told Tom about

Answers

Answer:

wikis technological tool

Explanation:

As regards to the case above, the technology tool Cindy told Tom about is wikis technological tool . A wiki can be regarded as collaborative tool that provides students with enablement to make contribution and to perform modifications on one or more than one pages of course related materials. This tool is collaborative in nature, as a result of this, it facilitate community-building within a course. a wiki can be regarded as a web page and a collaborative software that has an open-editing system. It was set up to

the lexicon by Ward Cunningham who was a programmer

___ requrements are courses that build knowledge and skills in a specific field.

A. major
B. general studies
C. specialization
D. elective​

Answers

The Awnser is c specialization

D. elective requrement are courses that build knowledge and skills in a specific field

Which is considered a tertiary source?

A.) A Wikipedia article

B.) An autobiography

C.) A government record

D.) A journal entry

Answers

Answer:

A Wikipedia article.

Explanation:

A tertiary source are sources that compile info from other sources.

Answer:

B. An autobiography

Explanation:

It's a 3rd person source

Determine the effect on country demoffrage's GDP for a tourist spends on a seafood dinner at a resturant

Answers

Answer:

GDP will increase

Explanation:

Gross domestic products is the total monetary value of all goods and services produced in the country. When a tourist spends on a seafood restaurant then the services produced in the country are sold and value is generated for the country. The Gross domestic product of country rises,

This type of interest is the most desirable.

a. annually
b. semiannually
c. quarterly

Answers

Answer:

semiannually

Explanation:

Help me please... help

Answers

Mate your answer is B

Hope my answer helps you

Answer:

A

Explanation:

by having lower prices there may be a chance of selling more and therefore gathering more money. if that makes any sense ?

Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.

Answers

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airline industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios.

a. True

b. False

Answers

The answer is false!
i am just answering for points

pls can someone buy me the upgrade i beg youuu :(

Answers

what upgrade are you talking about

Answer:

no

Explanation:

Stretch goals are the Multiple Choice targets that are exceptionally demanding and novel. set of goals whose primary focus is to protect organizations from being sustainable. targets that merely exhort employees in general terms to improve performance and start doing their best. goals that conflict with people's personal values and interests. goals that are high enough to inspire better performance but at the same time are always unattainable.

Answers

Answer:

targets that are exceptionally demanding and novel.

Explanation:

Stretch goals are the targets that are exceptionally demanding and novel. It is not everyone that considers or think about creating stretch goals because they are highly demanding and relatively new to the individual or business firm.

Generally, stretch goals are divided into two (2) main categories and these includes;

I. Horizontal stretch goals: it is focused on the professional development of individuals through attempting, learning and picking up difficult challenges or tasks.

II. Vertical stretch goals: these type of goals or targets are usually in tandem with the current activities in an organization such as productivity and financial outputs.

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A tour company has a boat that sits at most 40 passengers. For a cruise on the Hudson River they charge $12 per adult and $5 per child. They will only take the boat out if they have sold at least $250 worth of tickets. Let a be the number of adults who take the cruise and c be the number of children. how can exchange rates change to reduce the wage differential between countries Solve the system using linear combination. Show all work.5x + 3y = 413 - 6y = 9 the more the energy, the larger the (a,b,c,d)?A:crestB:troughC:amplitude D:wavelength In which interval is the median distance What molecular shape is this lewis structure?A. Trigonal pyramidalB. Trigonal planarC. BentD. Tetrahedral E. Linear (-6,4); (6-5)SlopeGiving branliaist answer to the best one I talked to the girl ____________car had broken down in front of the shop. Who whom whose A baseball is thrown with a speed of 36 meters per second (m/s). What is the distance from the mound to home plate if the ball takes 0.5 seconds to leave the pitcher's hand and cross the plate? A-72 B-18 C-41 D-31 Help me out please why don't planets crash into each other? When glucose is used for growth, it is converted into: Read the passage. Then write a paragraph that explains why the two ecosystems have such different kinds of plants. Use the terms biotic factor, abiotic factor, and limiting factor in your explanation. Passage A group of students is studying the types of plants that grow in a field next to the school. The field is mowed regularly, but it does not get any water other than rainfall. The field has several kinds of plants that are typically found in a grassland ecosystem. But it has none of the plants found in a nearby forest ecosystem. A polygon has 6 sides. The exterior angles are 80 degrees, 56 degrees, 61 degrees, 43 degrees, 92 degrees, and (2 x) degrees. What is the value of x? x = Can someone help me please??? El rea de un rectngulo es 600 cm2 . Calcula las dimensiones del rectngulo sabiendo que su permetro es 100 metros. help pls question/problem in image What is 2x + 5 + x 6 + 3x =? The graph of g is a translation 3 units up, followed by a reflection in the x-axis of the graph off(x) = 2 sin x. Which rule represents g? g Refer to the Environmental Geology (Vol.58, 2009) simulation study of how far a block from a collapsing rockwall will bounce down a soil solpe. Rebound lengths (in meters) were estimated for 13 rock bounces. The data are presented below. Consider a test of hypothesis for the variation in rebound lengths for the theoretical population of rock bounces form the collapsing rockwall. In particular, a geologist wants to determine if the variance differs from 10 m 2. 10.94 13.71 11.38 7.26 17.83 11.92 11.87 5.44 13.35 4.90 5.85 5.10 6.77 a. Specify the null and alternative hypotheses. Be sure to define the parameter used in your hypotheses. b. Compute the value of the test statistic. c. Determine the rejection region for the test using alpha This table represents Mindy's check register. Her checking account had a balance of $647.60 on November 20. Use the information in the check register to determine the balance of Mindy's checking account after the transaction on December 10.Enter your answer in the box.