A country's newest ruler has decided the country will become self-sufficient and ceases trade with the rest of the world. How will this most likely affect the country's citizens?

Question

Quizplus · Accepted Answer

Ceasing trade with the rest of the world means the country's citizens will no longer have access to goods and services produced more efficiently by other countries, which they previously consumed. Thus, they will be forced to consume less of the goods the country had a comparative advantage at producing.

A Country's Newest Ruler Has Decided the Country Will Become