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 the above.

Question

Quizplus · Accepted Answer

All of the above options are necessary for a country to achieve a high economic freedom rating. Providing secure property rights and enforcing contracts ensures that individuals and businesses can confidently invest and operate in the economy. Removing barriers to trade, both domestically and internationally, increases competition and allows for a larger variety of products and services to be available to consumers. Relying on markets rather than governments to allocate goods and resources encourages a more efficient allocation of resources and creates incentives for innovation and growth.

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