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What restriction would the government impose in a closed economy?

Answer :

A. The government imposed trade between the nations.

B. The government would decide the price for imported goods.

C. The government would only protect traditional customs.

D. The government would prohibit the private ownership of property.

Correct Answer Option (A) The goverment imposed trade between the nations.

In a closed economy, the government restricts trade between the nations. This means there is no import and export of goods and services between countries. This was done to achieve self-sufficiency, which means everything should be produced in a country, and to protect the local industries from foreign competition.

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