Which of the Following Is True of Autarky

question 91

Multiple Choice

Which of the following is true of autarky?

• A)Each country's consumption possibilities are the same as its production possibilities.
• B)Equilibrium is attained with the maximum gains from specialization and trade.
• C)There is no legal limit on the amount of a commodity that can be imported.
• D)Countries export products they can produce more cheaply in return for products that are unavailable domestically or are cheaper elsewhere.
• E)World price is determined by the world supply and demand for a product.

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Definitions:

Atrophy

The decrease in muscle mass or tissue size, often due to lack of use, disease, or malnutrition.

Slow-Twitch

Muscle fibers that are fatigue-resistant but generate less power, suited for endurance activities.

Ligament

A short band of tough, flexible, fibrous connective tissue that connects two bones or cartilages or holds together a joint.

Bronchoconstriction

A narrowing of the airways in the lungs due to the tightening of surrounding smooth muscle, leading to coughing, wheezing, and shortness of breath.