A country in search of economic self-sufficiency follows a policy of:

Question

Quizplus · Accepted Answer

Autarky is a policy where a country tries to be self-sufficient and does not rely on imports or exports. This policy can be pursued by implementing trade barriers such as import tariffs or quotas, but can also involve domestic production of goods and services. However, autarky can lead to inefficiencies and higher costs for consumers, as domestic producers may not be able to produce goods as efficiently as foreign producers.

A Country in Search of Economic Self-Sufficiency Follows a Policy