Examlex
Which of the following statements is false?
Economic Freedom
The degree to which individuals and businesses can make economic decisions without government intervention.
Central Planning
A system where the government or a centralized authority makes all decisions about the production and distribution of goods and services.
Industry Output
The total production of goods and services by all firms in a particular industry over a specific time period.
Chain Reaction
A sequence of reactions where a reactive product or by-product causes additional reactions to take place, often leading to a self-sustaining series of events.
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