In Order to Achieve a High Rating on the Economic

question 35

Multiple Choice

In order to achieve a high rating on the Economic Freedom of the World index, a country must

• A) provide for the even-handed protection of private property and rely primarily on open markets and voluntary exchange to coordinate economic activity.
• B) use central planning to direct investment and resolve the three basic economic problems of what, how, and for whom goods will be produced.
• C) protect domestic businesses from foreign rivals who generally provide shoddy products.
• D) protect domestic workers from businesses that are unwilling to pay high wages and provide quality working conditions.

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Definitions:

Subgroups

Smaller groups formed within a larger group, typically with more specific interests or characteristics.

Critical Evaluator

A person or mechanism that assesses something critically, often focusing on essential and determining factors.

Groupthink

A phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group and seeks to achieve consensus.