Examlex
Regarding automatic processing, which of the following statements is FALSE?
Free Trade
The unrestricted buying and selling of goods and services between countries without the imposition of tariffs, quotas, or other restrictions.
Domestic Producers
Companies or individuals that manufacture or produce goods and services within their home country, as opposed to importing them from abroad.
Tariffs and Quotas
These are trade policies where tariffs are taxes on imported goods, and quotas are limits on the amount of a good that can be imported.
Import Substitution
An economic policy aimed at replacing foreign imports with domestic production to promote local industries.
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