A situation in which a country does not take part in international trade is known as
A)autarky.
B)openness neglect.
C)indifference tradeoff.
D)protectionist point.

Question

Quizplus · Accepted Answer

Autarky is a situation where a country does not participate in international trade, and instead relies solely on its own resources to meet its economic needs. It often involves high tariffs, quotas, and other protectionist measures to limit imports and promote domestic production. The other options (B, C, and D) do not accurately describe this phenomenon.

A Situation in Which a Country Does Not Take Part