The right to private property and ability to exchange goods and services freely

Question

The right to private property and ability to exchange goods and services freely is known as

Question 2 options:



A) political freedom.


...
B) economic freedom.



C) constitutional freedom.



D) external freedom.


It has been noted that a country that grants a considerable amount of economic freedom will experience

Question 3 options:



A) positive rates of per capita income growth.



B) negative rates of per capita income growth.



C) low levels of political freedom.



D) dead capital.


Assume that in the economy real GDP grows at a constant rate. There has just been a decrease in the rate of growth of the population. This implies that the

Question 5 options:



A) rate of growth of per capita real GDP will decrease.



B) rate of growth of per capita real GDP will increase.



C) rate of growth of capital accumulation will decrease.



D) rate of growth of capital accumulation will increase.

Explanation / Answer

Question2: The right to private property and ability to exchange goods and services freely is known as constitutional freedom.

Question3: It has been noted that a country that grants a considerable amount of economic freedom will experience positive rates of per capita income growth.

Question5: Assume that in the economy real GDP grows at a constant rate. There has just been a decrease in the rate of growth of the population. This implies that the rate of growth of per capita real GDP will increase.

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