Free trade is better than autarky for a small country.

Question

Quizplus · Accepted Answer

Free trade allows a small country to access larger markets, import goods at lower prices, and export their goods at a competitive price. Autarky, which is a policy of economic self-sufficiency, limits a country's access to outside markets and can lead to inefficiencies and high production costs. Therefore, free trade is generally considered better for a small country's economic growth and development.

Free Trade Is Better Than Autarky for a Small Country