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Which of the Following Is False

question 42

Multiple Choice

Which of the following is false?


Definitions:

Automobile Industry

The sector of the economy that manufactures and sells motor vehicles.

Inputs

Resources such as labor, materials, and capital that are used in the production process to produce goods and services.

Output

The total amount of goods or services produced by a company or country.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.

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