A Situation in Which a Country Does Not Take Part

question 22

Multiple Choice

A situation in which a country does not take part in international trade is known as

• A)autarky.
• B)openness neglect.
• C)indifference tradeoff.
• D)protectionist point.

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Definitions:

Poverty-stricken Countries

Refers to nations with low levels of income and economic development, often characterized by insufficient access to basic necessities such as food, clean water, and healthcare.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Poverty Trap

An economic condition in which it is difficult for an individual to obtain enough capital and/or credit to escape poverty; it causes poverty to persist and is also called the “cycle of poverty”.

Public Services

Essential services provided by the government to its citizens, such as healthcare, education, and transportation.