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What is meant by Autarky in international trade

This question belongs to Commerce Economics
Economics
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What is meant by Autarky in international trade?

Answer & Solution
Correct Answer: Option D
Autarky in international trade means the idea of self sufficiency and no international trade by a country. A country is said to be in a complete state of autarky if it has a closed economy, which means that it does not engage in international trade with any other country.
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