In autarky equilibrium,
A)production equals consumption.
B)exports equal imports.
C)there is no international trade.
D)All of the above.

Question

Quizplus · Accepted Answer

In autarky equilibrium, the economy is self-sufficient and does not engage in international trade, hence there are no imports or exports. Production equals consumption since all the goods produced are used domestically, and there are no net exports or imports. Thus, all of the above statements are correct.

In Autarky Equilibrium