Suppose that Venezuela produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that India produces 12263 barrels of oil and 12263 bushels of wheat each week. In autarky, what is the largest amount of wheat Venezuela can consume every week? amount of wheat per week: bushels What does the term autarky refer to? a situation where one country does not engage in trade with other countries a major argument against globalization government policies meant to reduce international trade the process of negotiating terms of trade between two countries