Without trade,
A)a country is better off because it will have to learn to be self-sufficient without trade.
B)a country's production possibilities frontier is also its consumption possibilities frontier.
C)a country can still benefit from international specialization.
D)interdependence is more extensive than it would be with trade.

Question

Quizplus · Accepted Answer

Without trade, a country's production possibilities frontier indicates the maximum level of production it can achieve, which is also the maximum level of consumption it can achieve since it cannot obtain goods from other countries.

Without Trade