Author Question: Economic freedom is a precondition for economic growth. Which of the following is a characteristic ... (Read 123 times)

appyboo · **on:** Jun 29, 2018

Economic freedom is a precondition for economic growth. Which of the following is a characteristic of economic freedom? i. A democratic form of government ii. Property rights must be protected. iii.

The government must support and pay for inventions and innovations. A) i only
B) ii only
C) Both i and ii
D) Both ii and iii
E) Both i and iii

Question 2

Scarcity is a situation in which ________.

A) some people are poor and others are rich
B) something is being wasted
C) we are unable to satisfy all our wants
D) long lines form at gas stations