In “Clear It Up: What countries are considered economically free”, we see a list of countries that are have the most and least economic freedom based on the 2015 Heritage Foundation’s Index of Economic Freedom.
a. Why do you think economic freedom would play a role in how productive a country will be?
b. Based on learning the difference between a market-oriented country and a command-oriented country, would countries with the most economic freedom be more likely to be market-oriented or command-oriented? Explain your rationale.
Sample Solution