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.
ANSWER
D
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