is a situation in which a country does not trade with other countries. the is the ratio at which a country can trade its exports for imports from other countries. a. oikonomia, prices b. autarky, terms of trade c. terms of trade, autarky d. plutarky, price ratio by trading, countries are able to consume more than they could without trade. this outcome is possible because a. inefficiencies in resource allocation are reduced. b. world production of both goods increases after trade. c. shifting production to the more efficient countrylong dashthe one with the comparative advantagelong dashincreases total production. d. all of the above
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