Scenario: Indy Bats LLC
Indy Bats LLC is looking for new markets for its products. Matt Johnson has been appointed head of a special team 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

Economic freedom measures the extent to which free-market principles, such as property rights, freedom of trade, and low government intervention, are present in an economy. This would be the most appropriate variable to consider when identifying markets with a free-market orientation, which would be of interest to Indy Bats LLC. Commercial infrastructure, market receptivity, and market intensity are other factors that could be considered but are less relevant to measuring the degree of economic freedom in a market.