Which of the Following Is False

question 168

Multiple Choice

Which of the following is false?

• A) An import quota does not generate government revenue.
• B) Tariffs on imports generate government revenue as long as the domestic price is larger than the world price plus the tariff.
• C) Tariffs on imports do not generate government revenue if the domestic price is larger than the world price plus the tariff.
• D) Tariffs on imports generate revenue for the government.

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Definitions:

Normal Model

A statistical model that describes how data points are distributed around the mean, assuming a symmetrical bell-shaped curve known as the normal distribution.

Scores Between

A reference to evaluating or comparing numerical values or results within a specified range.

Percentage

A way of expressing a number as a fraction of 100, used to describe proportions or compare magnitudes.

Normal Model

A type of statistical distribution that is symmetric, bell-shaped, and fully described by its mean and standard deviation.