Which Statement Is False

question 58

Multiple Choice

Which statement is false?

• A)If we restrict our imports,our exports will decline.
• B)Trade restrictions cause economic inefficiency.
• C)International finance is based on the gold standard.
• D)None of the statements is false.

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Definitions:

Building Depreciation

The systematic allocation of the cost of a building over its useful life to account for the decrease in its value over time.

Square Feet

A measurement unit for area, commonly used in real estate, equal to the area of a square with sides of one foot.

Indirect Expense

refers to expenses that are not directly associated with the production of goods or services, such as utility costs, rent, and administration salaries.

Gross Profit

The difference between revenue and the cost of goods sold, representing the basic profitability of a company's products or services.