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Which of the Following Statements Is a False or Incorrect

question 105

Multiple Choice

Which of the following statements is a false or incorrect statement?


Definitions:

Consumers

Individuals or households that use goods and services generated within the economy.

Import Quota

A restriction set by the government on the amount or cost of products allowed to be brought into a country from abroad.

Tariff

A tax imposed by a government on goods and services imported from other countries.

Trucks

Large motor vehicles designed for transporting goods or materials over long or short distances.

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