Question 1
Managers at Morrison Manufacturing are considering expanding the firm's production overseas and want to ensure that the firm is located in a country with a high degree of economic freedom. Presently, which of the following locations would most likely offer Morrison the highest economic freedom?
◦ Hong Kong
◦ Venezuela
◦ North Korea
◦ Bolivia
Question 2
Since the late 1980s, the growing emergence of freer markets has been powered by the realization that ________.
◦ adoption of free market principles contributes to social injustices
◦ economic growth has a limited effect on the standard of living
◦ centrally planned economies are best designed to deliver progress
◦ economic growth is directly related to economic freedom