what restriction would the government impose in a closed economy? the government would prevent private…

what restriction would the government impose in a closed economy? the government would prevent private ownership of property. the government would prohibit trade with other nations. the government would preserve traditional customs only. the government would set the prices for imported goods.

what restriction would the government impose in a closed economy? the government would prevent private ownership of property. the government would prohibit trade with other nations. the government would preserve traditional customs only. the government would set the prices for imported goods.

Answer

Brief Explanations:

A closed - economy is self - sufficient and has no trade relations with foreign countries. Preventing private ownership of property is related to property rights and not a defining restriction of a closed economy. Preserving traditional customs is a cultural aspect and not an economic restriction. Setting prices for imported goods is not relevant as there are no imports in a closed economy. Prohibiting trade with other nations is the key restriction in a closed economy.

Answer:

The government would prohibit trade with other nations.