Higher the economic freedom in a country, _____
a. lower is the standard of living of the people
b. higher is the life expectancy of the people
c. greater is the bureaucratic freedom and red-tapism
d. lower is the level of access to education due to lack of government schools
e. lower is the literacy rate
b
Economics
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Recall the Application. If country A has a lower overall income tax rate than country B, and labor can freely and easily move between the two countries, ________ in country B will tend to ________
A) labor supply; decrease B) labor demand; decrease C) labor demand; increase D) labor supply; increase
Economics
Instrument independence is the ability of ________ to set monetary policy ________
A) the central bank; goals B) Congress; goals C) Congress; instruments D) the central bank; instruments
Economics