Which of the following statements is FALSE?
A) If Australia imposes a quota on Japanese car imports, the price of cars in Australia is likely to increase.
B) If the Japanese government provides a subsidy for cars exported to Australia, the price of cars in Australia is likely to increase.
C) If the Australian customs department impounds cars imported from Japan for vehicle safety checks the price of cars in Australia is likely to increase.
D) If Australia imposes a tariff on Japanese car imports, the price of cars in Australia is likely to increase.
Correct Answer:
Verified
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