Q. The term “Autarky” is associated with which of the following?

[A] Service Sector

[B] international trade

[C] Defense sector

[D] Pension sector

Answer: B
Notes:

Autarky:

  • The idea of self-sufficiency and ‘no’ international trade by a country.
  • None of the countries of the world has been able to produce all the goods and services required by its population at competitive prices, however, some tried to live it up at the cost of inefficiency and comparative poverty.

Source: Source