In Calda, there are no strict rules and procedures over private sector investments and the citizens have the freedom to take decisions on buying and selling of private properties.
The government values individual economic freedom and seldom employs measures to reduce economic inequalities. Calda can be regarded as a(n) ________.
A. state-led economy
B. command economy
C. free-market system
D. planned economy
E. interventionist state
Question 2
Non-democracies are theoretically better at promoting economic development than democratic governments because non-democratic governments ________.
A. provide the right to the public to demand resources from the state
B. are constrained by the need to maintain a favorable votebank
C. have no accountability to the general public which gives them a greater leeway to
engage in corruption
D. are more insulated from the demands of political parties, interest groups and
lobbies
E. radically change policies and alter the structure of property relations
Charles Darwin may be dead and gone but a recent write-in campaign has pitted him against Republican
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Philip wants to supplement his pension by $415 per month with income from his investments. His ...