Q. If a country produces consumer goods only and nothing else, then

  • (A) Standard of living will be highest
  • (B) The country have certain amount of good
  • (C) The country will soon become poor if external trade will not happen
  • (D) The country will gradually become rich if external trade will not happen
βœ… Correct Answer: (C) The country will soon become poor if external trade will not happen

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