Which of the Following Statements Is True in Relation to the Economic

question 24

Multiple Choice

Which of the following statements is true in relation to the economic freedom index?

• A)The economic freedom index includes measures such as prosperity rights regulation, capital flows and black market activities.
• B)The economic freedom index measures a country's economic freedom on a scale of 1 to 5, whereby a scale of 5 implies policies most conducive to economic freedom, while a score of 1 implies the least conducive to economic freedom.
• C)The economic freedom index measures a country's economic freedom on a scale of 1 to 10, whereby a scale of 1 implies policies most conducive to economic freedom, while a score of 10 implies the least conducive to economic freedom.
• D)The economic freedom index does not exist.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake, out of interest or pleasure, rather than for external rewards.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise rather than intrinsic satisfaction.

Self-determination Theory

A psychological framework suggesting that people are motivated to grow and change by three basic needs: autonomy, competence, and relatedness.

Intrinsic Motivation

The drive to engage in activities for their own sake, due to internal satisfaction rather than external rewards.