Which of the Following Statements Is FALSE

question 65

Multiple Choice

Which of the following statements is FALSE?

• A) If Australia imposes a quota on Japanese car imports, the price of cars in Australia is likely to increase.
• B) If the Japanese government provides a subsidy for cars exported to Australia, the price of cars in Australia is likely to increase.
• C) If the Australian customs department impounds cars imported from Japan for vehicle safety checks the price of cars in Australia is likely to increase.
• D) If Australia imposes a tariff on Japanese car imports, the price of cars in Australia is likely to increase.

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Definitions:

Equilibrium Wage

The wage rate at which the quantity of labor demanded equals the quantity of labor supplied in the market, leading to a stable employment situation.

Employment Level

The total number of people currently employed in the economy, either full-time or part-time.

Illegal Immigrants

Individuals who enter or reside in a country without proper authorization or legal permission from that country's government.

Employment Level

The total number of people currently employed in the economy, indicating the job availability and workforce engagement within a specific period.