If a country is completely self-reliant in producing goods for its own consumption needs,then
A)It consumes more than it can with trade.
B)Its consumption possibilities equal its production possibilities.
C)It promotes specialization.
D)It achieves a higher standard of living by exporting.

Question

Quizplus · Accepted Answer

If a country is self-reliant in producing goods for its own consumption needs, then its production possibilities and consumption possibilities are equal. This means that it can consume only what it produces and cannot consume more than that.

If a Country Is Completely Self-Reliant in Producing Goods for Its