Examlex
Which of the following statements is false?
Autarky
An economic system where a country or entity is self-sufficient and does not engage in trade with external parties.
Comparative Advantage
The capability of an entity to generate a product or service with a lesser opportunity cost compared to others, resulting in enhanced trading efficiency.
Consumption Point
A specific point on a budget constraint that shows the combination of two goods that a consumer can afford.
Wheat
A staple grain that serves as a primary food source for a large portion of the world's population, used in a variety of products including bread, pasta, and cereal.
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