Which of the Following Statements Is FALSE

question 253

Multiple Choice

Which of the following statements is FALSE?

• A) Economists support free and competitive markets.
• B) Economists are skeptical about price controls and tariffs.
• C) Economists favor command and control regulation.
• D) Economists oppose super-high inflation rates.

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Definitions:

Industrialization

describes the transformation from societies based predominantly on agriculture to ones based on the manufacturing of goods and services, leading to economic growth and societal change.

Undocumented Workers

Individuals working in a country without legal authorization, often lacking the necessary visas or other documentation.

Immigration Law

Legal statutes, regulations, and precedents governing immigration and the status of immigrants within a country.

Progressive Taxation

A tax system in which the tax rate increases as the taxable amount increases, often designed to distribute the tax burden more evenly across various income levels.