Multiple Choice
When a nation achieves autarky equilibrium,
A) input price equals final product price.
B) labor productivity equals the wage rate.
C) imports equal exports.
D) production equals consumption.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q107: The basic idea of mercantilism was that
Q108: When testing the Ricardian theory of comparative
Q109: Suppose that a country's post-trade consumption point
Q110: The Ricardian theory of comparative advantage assumes
Q111: Which of the following statements is FALSE?<br>A)
Q113: The mercantilists contended that because one nation's
Q114: John Stuart Mill's theory of reciprocal demand
Q115: The terms of trade represents the rate
Q116: Is it possible for comparative advantage to
Q117: In the absence of trade, a nation