Examlex
Which of the following statements is false?
Opportunity Costs
Opportunity costs represent the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Mutually Beneficial Trade
A trade agreement between parties that provides gains or advantages to all involved parties.
Tariff
a tax imposed on imported goods and services, intended to make foreign commodities less price-competitive than domestic goods.
Imports
Imports are goods and services bought by residents of a country from another country, which results in an outflow of currency to foreign markets.
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