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Which of the Following Statements Is False

question 21

Multiple Choice

Which of the following statements is false?


Definitions:

Cross International Borders

The movement of goods, services, capital, and people across the political boundaries of different countries.

Gear Restrictions

Regulations or limits set on the range of gears that can be used in certain vehicles or machinery to ensure safety or efficiency.

Marginal Social Cost

The cumulative expense to the community for creating an extra unit of a product or service.

Private Cost

The cost incurred by a person or a firm directly involved in a transaction, excluding any external or social costs.

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