Suppose That the Country of Xenophobia Chose to Isolate Itself

question 55

Multiple Choice

Suppose that the country of Xenophobia chose to isolate itself from the rest of the world.Its ruler proclaimed that Xenophobia should become self-sufficient,so it would not engage in foreign trade.From an economic perspective,this idea would

• A)make sense if Xenophobia had an absolute advantage in all goods.
• B)make sense if Xenophobia had no absolute advantages in any good.
• C)not make sense as long as Xenophobia had a comparative advantage in some good.
• D)not make sense as long as Xenophobia had an absolute advantage in at least half the goods that could be traded.

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Definitions:

Complimentary

Serving to complete something else or supply a deficiency; often used to describe things that enhance or improve when brought together.

Inexpensive

Referring to something that does not cost a lot of money, offering affordability and value.

Christian Fundamentalists

Individuals who strictly adhere to the interpreted fundamentals of the Christian faith, often with a literal interpretation of the Bible.

ESP

Extrasensory perception, a supposed ability to gain information beyond the use of the five traditional senses.