Economists have determined that there are four factors that seem to strongly affect a nation's rate of economic development. Which is NOT one of these four factors?
A) supporting current industries and the jobs they provide instead of adopting new technology that brings disruptive social changes
B) developing an educated population
C) establishing a system of property rights
D) limiting the extent to which the government imposes trade barriers
A
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Profits earned in the United States by a foreign-owned firm would be included in
a. gross domestic product and gross national product. b. gross national product but not in gross domestic product. c. gross domestic product but not in gross national product. d. neither gross domestic product nor gross national product.
According to the Index of Economic Freedom, which of the following is the freest economy in the world?
a. Cuba b. Zimbabwe c. Hong Kong d. North Korea e. Libya