Scenario: Indy Bats, LLC
Indy Bats, LLC is looking for new markets. Matt Johnson has been appointed head of a special task force that has been given the responsibility of identifying new markets for the company's products. The company is especially interested in exploring emerging economies.
-If Matt wants to estimate the extent to which free-market principles predominate in an emerging market, Matt should consider the variable called ________.

Question

Quizplus · Accepted Answer

When considering emerging markets, the variable that would help Matt estimate the extent to which free-market principles predominate in these markets is "economic freedom". This variable measures the extent to which individuals and businesses can operate freely and make economic decisions without government intervention.