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Which of the Following Statements Is NOT True

question 21

Multiple Choice

Which of the following statements is NOT true?


Definitions:

Goods and Services

Tangible products that satisfy human wants (goods) and intangible activities or benefits that are offered (services).

Exports

Goods and services sold to other countries.

World Production

The total output of goods and services produced by all countries around the globe.

Autarky

A situation in which a country does not trade with other countries.

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