Higher the economic freedom in a country, _____
a. lower is the standard of living of the people
b. higher is the life expectancy of the people
c. greater is the bureaucratic freedom and red-tapism
d. lower is the level of access to education due to lack of government schools
e. lower is the literacy rate
b
You might also like to view...
Under conditions of perfect competition, an individual producer
a. always maximizes output. b. operates where MR equals MC. c. never suffers a loss. d. operates where MR is greater than MC.
Suppose the required reserve ratio is 100%. Explain if the Federal Reserve could still change the money supply with open market operations?
What will be an ideal response?
The labor supply curve facing a monopsonist is
a. downward sloping b. upward sloping c. a horizontal line d. backward bending e. a vertical line
Entrepreneurship could best be classified as:
A. simple labor. B. highly specialized labor. C. creative labor. D. unskilled labor.