Economic freedom allows individuals and businesses to make their own economic decisions, which leads to competition, innovation, and investment. This often results in positive economic growth, as seen in countries with high levels of economic freedom like the United States and Hong Kong.

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Economic Freedom Is

Question 39

Multiple Choice

Economic freedom is

A) important in leading to positive economic growth.
B) not an important factor in leading to positive economic growth.
C) a confusing concept since the more economic freedom residents in a country have the lower the level of economic growth.
D) a concept in theory since no country has pure economic freedom and therefore cannot be analyzed with respect to economic growth.

Correct Answer: