In autarky equilibrium,a nation realizes the lowest possible level of satisfaction given the constraint of its production possibilities schedule.

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Quizplus · Accepted Answer

In autarky equilibrium, a nation consumes what it produces, but it does not necessarily achieve the lowest possible level of satisfaction; it achieves a level of satisfaction based on its production possibilities without trade.

In Autarky Equilibrium,a Nation Realizes the Lowest Possible Level of Satisfaction