Multiple Choice
A country's newest ruler has decided the country will become self-sufficient and ceases trade with the rest of the world.The likely outcome of this action will be that the country's citizens will be:
A) forced to consume less than before if they possessed a comparative advantage in the production of a good.
B) better off than before if they possess an absolute advantage in the production of a good.
C) better off than before only if they have the absolute advantage in the production of most goods they consume.
D) better off than before only if they have the comparative advantage in all goods
Correct Answer:

Verified
Correct Answer:
Verified
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