Multiple Choice
Which of the following statements is true?
A) A self-sufficient country can, at best, consume on its production possibilities frontier.
B) Only countries with an absolute advantage in the production of every good should strive to be self-sufficient.
C) A self-sufficient country consumes outside its production possibilities frontier.
D) Self-sufficiency is the road to prosperity for most countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If an economy is operating on its
Q1: Comparative advantage, not absolute advantage, determines the
Q2: Table 1 shows the units of
Q4: Exhibit 2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Exhibit 2
Q5: Exhibit 3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Exhibit 3
Q6: Table 1 shows the units of
Q7: Which of the following statements about import
Q8: Suppose a country's workers can produce 4
Q9: Suppose the world price is below the
Q11: Exhibit 2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Exhibit 2