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Which of the Following Statements Is False

question 2

Multiple Choice

Which of the following statements is false?


Definitions:

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production and trade.

Consumer Market

A marketplace for goods and services that are purchased for personal, family, or household use.

Manufacturing Base

The sector of an economy that is involved in the production of goods in large quantities, utilizing labor and machines.

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