In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
In the figure,
D: Demand curve for automobiles
S 1 : Supply curve of automobiles prior to regulation
S 2 : Supply curve of automobiles after regulation
FG: Clean up cost per unit
-Which of the following is not a component of the index which measures economic freedom of a country?
A)Monetary freedom
B)Cultural freedom
C)Government size
D)Freedom from corruption
E)Labor freedom

Question

In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
  In the figure,
D: Demand curve for automobiles
S 1 : Supply curve of automobiles prior to regulation
S 2 : Supply curve of automobiles after regulation
FG: Clean up cost per unit
-Which of the following is not a component of the index which measures economic freedom of a country?
A)Monetary freedom 
B)Cultural freedom 
C)Government size 
D)Freedom from corruption 
E)Labor freedom

Quizplus · Accepted Answer

Out of the given options, cultural freedom is not a component of the index which measures economic freedom of a country. The other options such as monetary freedom, government size, freedom from corruption, and labor freedom are all taken into account while measuring economic freedom.

In the Following Figure, the First Panel Shows a Market