Quizzol

QUESTION:

Which of the following statements is true?

a. Only countries with an absolute advantage in the production of every good should strive to be self-sufficient.

b. Self-sufficiency is the road to prosperity for most countries.

c. A self-sufficient country at best can consume on its production possibilities frontier.

d. A self-sufficient country consumes outside its production possibilities frontier.

ANSWER:

c. A self-sufficient country at best can consume on its production possibilities frontier

Posted by Cleveland on August 29, 2024