There are no exports in a closed economy

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Anurag Pathak28.55K December 11, 2023 0 Comments

True or False with Reason:

There are no exports in a closed economy.

Anurag Pathak Changed status to publish December 11, 2023

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Anurag Pathak28.55K Posted December 11, 2023 0 Comments

True,

In case of closed economy, exports are nil as the economy has no economic relations with the rest of the world.

Anurag Pathak Changed status to publish December 11, 2023

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