Which of the following countries has the lowest degree of economic freedom?
A) South Korea
B) Mexico
C) North Korea
D) Botswana
Ans: C) North Korea
You might also like to view...
If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double?
a. 10 b. 20 c. 24 d. 30
If money supply and money demand both increased:
a. nominal interest rates would increase and investment would increase b. nominal interest rates would increase and investment would decrease. c. nominal interest rates would decrease and investment would increase. d. the change in nominal interest rates and investment would be indeterminate.
Since World War II, there has been a worldwide movement away from free trade policies
a. True b. False
Jamaica has far less capital than Singapore. Based on this, the Classical growth model would predict that as each accumulates more capital Jamaica would grow:
A. more rapidly than Singapore. B. at a rate that rises and then falls compared to Singapore. C. at the same rate as Singapore. D. at a slower rate than Singapore.