Which of the following countries have liberalized their economies and substantially improved their economic freedom rating since 1990?
a. Argentina and Brazil
b. Zimbabwe and the Republic of Congo.
c. Estonia and India
d. Italy and France
C
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The Constitution helped establish a secure and well-defined system of property rights and rights of persons because it did which of the following?
(a) It established that people could be deprived of property without due process of law. (b) It loosely defined which contracts would be enforced. (c) It permitted bankruptcy without just cause and required government stamp of approval. (d) It let market forces, not government, set prices on the sale of land among private citizens.
IMF refers to the International Market Fund
Indicate whether the statement is true or false
When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a surplus of labor
a. True b. False Indicate whether the statement is true or false
The production possibilities curve tells us that if full employment exists and a nation wishes to permanently increase its production of military goods, it must
A. also increase its production of nonmilitary goods. B. reduce its output of nonmilitary goods. C. suffer inflation. D. suffer unemployment.