Autarky is a situation in which a country
A)only exports products.
B)only imports products.
C)does not trade with other countries.
D)has no absolute advantage in any production.

Question

Quizplus · Accepted Answer

Autarky refers to a situation in which a country does not trade with other countries. Therefore, option C is the correct choice. Option A is incorrect because exporting products involves trading with other countries. Option B is incorrect because importing products involves trading with other countries. Option D is incorrect because having no absolute advantage in any production does not necessarily mean the country is not trading with other countries.

Autarky Is a Situation in Which a Country