Which of the following is not true for a nation that is in equilibrium under autarky?

Question

Which of the following is  not true  for a nation that is in equilibrium under autarky?

Accepted Answer

It consumes inside its production possibility frontier

Answer

its highest achievable social indifference curve is tangent to the nation's production possibility frontier

Answer

Its indifference curve has the same slope as its production possibility frontier at the optimal production combination of the two goods

Answer

The opportunity cost of X is equal to the price of X in terms of Y when the price of Y =1

Answer

It reaches the highest indifference curve possible with its production possibility frontier

Crowdly