Use the table below to answer the following questions.
Table 5.3.1
Suppose a simple economy produces three goods only.The price and output data for two years are shown below.
-Refer to Table 5.3.1.The reference base period is 2002.Which one of the following statements is true?
Definitions:
Self-Sufficiency
The condition of being able to satisfy all of one's needs without external assistance.
NAFTA
The North American Free Trade Agreement, a treaty entered into by the United States, Canada, and Mexico; effective in 1994 to eliminate most tariffs on trade between these nations.
United States
A country in North America consisting of 50 states and a federal district, known for its significant influence in global politics, economy, and culture.
Canada
A country in North America known for its vast landscapes, multicultural communities, and as the second-largest country by area in the world.
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