Which of the following statements is false?   A. A quota is a tax levied against a specific good being imported into a country   B. A tariff is a tax levied on imported goods   C. A quota is a limit on the quantity of a good being imported into a country   D.   A tariff reduces the amount of imported goods

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Equilibrium in the economy occurs where aggregate expenditure equals production.