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In: Economics

Select whether each government policy listed in the following table would increase or decrease the country’s...

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.

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