An economy that does not trade is referred to as an economy in a state of:
A) macroeconomics.
B) institutional decay.
C) autarky.
D) unnecessary simplification.
E) rapid growth.
Correct Answer:
Verified
Q12: Smith's theory of absolute advantage is based
Q13: Which of the following economists showed that
Q14: Which of the following economists discovered the
Q15: If a country has a(n) _ advantage
Q16: An economy without international trade is an
Q18: To say that the U.S. possesses a
Q19: According to the theory of comparative advantage,
Q20: When country A uses fewer resources to
Q21: If a country has an absolute advantage
Q22: Gains from specialization and trade are basically:
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents