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question 3 and 4 A country that has a closed economy, does not allow private ownership...

question 3 and 4

A country that has a closed economy,

does not allow private ownership of capital

has flexible exchange rates

does not trade with other countries

has fixed exchange rates

International trade is expanding, leading to more exports and imports of goods and services. This growth in international trade may be attributed to:

falling transportation costs

more restrictions on the migration of labor

increased tariffs and quotas

restrictions on investment flows
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Answer #1

Q.3 Option c would be an answer because the closed economy means no import and no export means does not trade with other nations.

Q.4 Option c would be an answer because increased tariffs and quotas are the restrictions on international trade. increasing tariffs reduce tariff due to over financial burdens and A quota that reduce both export and import by restricting the number or monetary value of goods that a country can import or export during a particular period.

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