Examlex
Which of the following statements is false?
Tariff
A tax imposed on imported goods, often to protect domestic industries or to generate revenue.
Producer Surplus
The difference between the amount producers are willing and able to sell a good for and the actual amount they do sell it for, representing their profit.
Free Trade
The unrestricted exchange of goods and services between countries without the imposition of tariffs, quotas, or other trade barriers.
Domestic
Relating to or occurring within a particular country; not foreign or international.
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