Which of the Following Is TRUE About Cross-Country Evidence on the Relationship

question 184

Multiple Choice

Which of the following is TRUE about cross-country evidence on the relationship between economic freedom, standard of living, and democracy?

• A) There is no clear relationship between economic freedom, the standard of living, and the level of democracy.
• B) Economic freedom, the standard of living, and the level of democracy are positively related.
• C) Economic freedom and the standard of living are positively related, but they are not related to the level of democracy.
• D) Economic freedom is higher in countries that are less democratic, but lower in countries that are more democratic.

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Definitions:

Leasehold Estate

The leased property.

Premises

Land and the buildings on it, referred to especially in the context of business or law.

Rental Area

The specific portion of a property that is available for lease or rent to tenants.

Rent Ceilings

Government-imposed limits on the maximum amount that can be charged for renting a property, aimed at protecting tenants from excessive rent increases.