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Which of the Following Statements Is False

question 13

Multiple Choice

Which of the following statements is false?


Definitions:

Market-Oriented Economy

An economic system where supply and demand determine the production of goods and services, with minimal government intervention.

Soviet Union

A former federal socialist state in Eastern Europe and Asia, existing from 1922 until its dissolution in 1991, known for its centralized economy and government.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be consumed by many people simultaneously without reducing its availability to others.

Tennessee Valley Authority

A federal agency established in 1933 to reduce flood risk, produce electrical power, and improve economic conditions in the Tennessee Valley region.

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