In order to achieve a high economic freedom rating, a country must
What will be an ideal response?
protect property rights, enforce contracts even-handedly, and rely extensively on markets to allocate goods and services.
You might also like to view...
Outline the principal sources of the debt crisis
What will be an ideal response?
If the price of a good increases compared to the base year, then the price level also increases
a. True b. False Indicate whether the statement is true or false
Whether you are studying the money economy of the U.S., Pakistan, China, or the Federated States of Micronesia, the characteristics that money must have include
a. portability, durability, and flexibility b. durability, flexibility and readily acquired c. durability, portability, and heterogeneity (nonhomogeneous) d. portability, durability and relative scarcity e. portability, homogeneity, and flexibility
Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true?
A. Forest has to make trade-offs. B. Forest has unlimited resources. C. Forest doesn't have to consider costs and benefits. D. Forest is not required to make trade-offs because he is self-sufficient.