In: Economics
Select whether each government policy listed in the following table would increase or decrease the country’s level of economic freedom.
Policy |
Increases Economic Freedom |
Decreases Economic Freedom |
|
---|---|---|---|
Government licensing restrictions and barriers to entrepreneurship are lowered, allowing more competitive markets. | |||
The use of government and the political process, rather than markets, to allocate and control resources is decreased. | |||
The size of government spending as a share of the economy is increased. | |||
Tariffs and quotas on international trade are lowered. |