An economic policy of autarky involves
A) trading only within a regional organization.
B) minimizing trade in favor of domestic production.
C) granting Most Favored Nation trading status to competitors.
D) maximizing trade in favor of global production.

Question

Quizplus · Accepted Answer

An economic policy of autarky involves minimizing trade in favor of domestic production. Autarky requires a country to be self-reliant and not engage in international trade. This policy is often adopted during war or economic hardship.

An Economic Policy of Autarky Involves