menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Economics Study Set 9
  4. Exam
    Exam 3: Gains and Losses From Trade in the Specific-Factors Model
  5. Question
    Which Term Below Describes a Situation in Which a Nation
Solved

Which Term Below Describes a Situation in Which a Nation

Question 46

Question 46

Multiple Choice

Which term below describes a situation in which a nation engages in no trade and produces everything it consumes?


A) anarchy
B) oligarchy
C) autarky
D) embargo

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q41: (Table: Production and Prices in Two Industries)

Q42: As a general rule, the return to

Q43: In the two-sector (manufacturing and agriculture) specific-factors

Q44: (Table: Home and Foreign Prices for Manufacturing

Q45: Diminishing returns to labor means:<br>A) that the

Q47: In an economy in which labor is

Q48: When there are diminishing returns to labor,

Q49: In the two-sector specific-factors model, diminishing returns

Q50: Suppose a government wants to raise money

Q51: When there are diminishing marginal returns to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines