With respect to economic freedom, which of the following is TRUE?
A) Three out of four people live in nations with governments that grant residents high degrees of economic freedom.
B) About three dozen nations with governments unwilling to grant much in the way of economic freedom are home to two-thirds of the world's population. Even so, these countries produce over 50 percent of the world's output.
C) Where governments do not grant residents a high degree of economic freedom, economic growth rates tend to be above the annual average for the world's nations.
D) As economic freedom increases, so does a nation's prospects for economic growth.
D
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The U.S. Census Bureau considers in-kind transfers (such as employer provided benefits) when measuring income
a. True b. False
Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happen to the unemployment rate? a. It would increase
b. It would fall. c. It would change, but the effect cannot be predicted. d. It would not change.