Examlex
Which of the following statements concerning tariffs is NOT true?
OPEC Cartel
The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates policies and prices of petroleum.
World Supply
The total amount of a particular good or service that is available for purchase on the global market.
Quadrupled
To increase or be increased fourfold, a term often used in finance, demography, and general quantitative analysis to describe significant growth or expansion.
Market Power
The ability of a company or entity to influence the price and output levels in a market.
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