In order to achieve a high economic freedom rating, a country must
A) provide citizens with housing, health care, and other basic goods free of charge.
B) protect property rights, enforce contracts even-handedly, and rely extensively on markets to allocate goods and services.
C) use the taxing power of the state to redistribute income from the rich to the poor and thereby promote income equality.
D) elect political officials democratically.
B) protect property rights, enforce contracts even-handedly, and rely extensively on markets to allocate goods and services.
You might also like to view...
Chain-weighted GDP deflator inflation differs from GDP deflation inflation because:
a. it uses different goods in its calculation. b. it uses two different base years to get the quantities used to calculate the index. c. it uses a constant set of prices every year. d. it uses two different base years to get the prices used to calculate the index.
What is the difference between a normal good and an inferior good? How does this relate to the demand curve?
What will be an ideal response?
Potential buyers of older homes form their bids from imperfect estimates of a house's value As a consequence,
a. Lower quality houses are more likely to be up for sale b. Higher quality houses are more likely to be up for sale c. Both the higher and lower value houses would be offered for sale d. No houses would be offered for sale
The unregulated portion of the economy involving goods and services that are produced and exchanged without monetary transactions is known as
a. the underground economy. b. the secret economy. c. the capital consumption. d. transfer payments.