Which of the Following Statements Is FALSE

question 27

Multiple Choice

Which of the following statements is FALSE?

• A)If the United States imposes a tariff on Japanese car imports,the price of cars in the United States is likely to increase.
• B)If the United States imposes a quota on Japanese car imports,the price of cars in the United States is likely to increase.
• C)If Japan imposes a subsidy on car exports to the United States,the price of cars in the United States is likely to increase.
• D)If Japan imposes a "voluntary export restraint" on car exports to the United States,the price of cars in the United States is likely to increase.

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Definitions:

Parsimonious

Describes an approach that is simple or economical in terms of explaining something, often used in the context of scientific theories.

Falsifiable

Refers to a proposition or hypothesis that can be disproven through empirical evidence or experimentation.

Replicable Data

Information obtained from experiments or research that can be duplicated or reproduced by others to verify results.

Unambiguous Predictions

Clear, precise, and easily interpretable forecasts that leave little to no room for multiple interpretations or ambiguity.