A situation in which a country does not trade with other nations is called
A) inertia.
B) inefficient.
C) autarky.
D) protectionist.
E) scarcity.
Correct Answer:
Verified
Q2: If only two products are produced in
Q3: Which of the following is NOT a
Q5: Specialization according to _ advantage enables _
Q6: As more and more of a good
Q8: Adam Smith stated that a _ market
Q10: If only two products are produced in
Q11: A country that trades with other countries
Q11: An autarky is
A) a trade deficit.
B) a
Q18: A closed economy is one that
A) relies
Q20: An open economy is one that
A) relies
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