A country wants todesign a policy toincreasethe nationalsaving rate in next year.Which of the following statements is true from an earth economic perspective?

1. Savings policy isincompatible
2. Savings policy isinefficient
3. Savings policy suffers fromleakage
4. Savings policy suffers from thefallacy of composition

Which definition of an autarky most completely describes its characteristics?

1. Autarky is a situation in which an economy cannot export to other economies
2. A country with a zero trade balance is autarkic
3. An autarky is a closed economy
4. Autarky exists when an entity can survive or continue its activities without external assistance or international trade.