In Order to Achieve a High Economic Freedom Rating, a Country

question 1

Multiple Choice

In order to achieve a high economic freedom rating, a country must:

• A) provide secure protection of privately owned property and evenhanded enforcement of contracts.
• B) refrain from creating barriers that limit domestic and international trade.
• C) rely more fully on markets rather than governments to allocate goods and resources.
• D) do all of these.

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Definitions:

Capital Expenditures

Long-term investments made by a company in buildings, equipment, or other assets to improve or maintain its operations.

Direct Materials Purchases

Expenditures for raw materials that are directly traceable to the manufacturing of a product and are a significant part of the production process.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the short term.

Accounts Receivable

Accounts receivable represent the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.