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Answer : 3. "The country will soon become poor if external trade will not happen"
If a country produces consumer goods only and nothing else, then-
5Q:
If a country produces consumer goods only and nothing else, then-
- 1Standard of living will be highestfalse
- 2The country have certain amount of goodfalse
- 3The country will soon become poor if external trade will not happentrue
- 4The country will gradually become rich if external trade will not happenfalse
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Answer : 3. "The country will soon become poor if external trade will not happen"
Explanation :
If any country will produce only consumer good, then gradually the country will become poor as there will be no exchange of other goods and the economy of that country will highly be affected.