In autarky, when a community maximizes its standard of living its production point is ?

Related Mcqs:

If the countries were to trade along the lines of absolute advantage ?

A. A would export X to B B. B would import Y from A C. Neither country would want to trade D. None of the above...

In autarky, the relative price of X, in terms of Y in A would be ?

A. 1/2 Y B. 3/4 Y C. 1 Y D. 4/3 Y...

In autarky, the relative price of wine, in terms of beer, in country A is ?

A. 1W = 1B B. 1W = 2B C. 1W = 3B D. 1W = 1/3B...

The gains from international trade are closely related to ?

A. The labor theory of value B. How much the autarky price differs from international terms of trade change C. The fact that a country must lose from trade D. All of the above...

Country B has an absolute advantage in ?

A. Product X B. Product Y C. Neither X nor Y D. Both X and Y...