Examlex
Which of the following statements about modern classification is not correct?
Tariff
A tax imposed by a government on imported or exported goods to regulate trade and protect domestic industries.
Imports
Goods and services bought by residents of a country from foreign producers, representing an inflow of goods into the country.
Free Trade
An economic policy allowing unrestricted import and export of goods between countries without the imposition of tariffs, quotas, or other restrictions.
Consumers
Individuals or organizations that use goods and services generated within the economy.
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