Some Nations That Seek to Produce All of Their Own

question 81

Multiple Choice

Some nations that seek to produce all of their own needs face the problem that

• A)​they can deplete their natural resources faster as a result.
• B)​some industries are too small to be efficient if restricted to their domestic markets alone.
• C)​the opportunity cost of producing some of their own goods is higher than that of trading with others for them.
• D)​all of the above are true.

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Definitions:

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