Question

Rank the following countries according to economic freedom. Hong Kong USA Norway Germany

Rank the following countries according to economic freedom.

Hong Kong

USA

Norway

Germany

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Basically, economic freedom or economic liberty may be defined as the ability of the people of the society to take economic decision. In the liberal or free society people are free to work, produce and consume and invest the way they want. The ranking of Economic freedom is based upon rule of law, government size, regulatory efficiency, open market operations.

According to the economic report published by heritage foundation and the wall street journal 2020 ,from the given countries

The first rank goes to Hong Kong as it has maximum economic freedom index having the score of 89.1.

The second rank goes to U.S.A as it has a score of 76.6.

Third rank goes to Germany having score of 73.5.

Fourth rank goes to Norway as it has a score of 73.4.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Hong Kong: Economic Development and Economic Freedom 1) What are the 3 central questions of neoclassical...
Hong Kong: Economic Development and Economic Freedom 1) What are the 3 central questions of neoclassical growth theory? How does the theory answer them? 2) What is economic freedom? Study the EFW rating of your own country. What policy changes would you recommend to increase economic freedom in your country? 3) What is entrepreneurship? What role did entrepreneurs play in Hong Kong’s economic development?
Which one of the following is not a component of Economic Freedom? a. Open Markets b....
Which one of the following is not a component of Economic Freedom? a. Open Markets b. Regulatory Efficiency c. Free and Fair Elections d. Rule of Law 2. Presently, which of the following locations would most likely offer an MNE the highest economic freedom? a. Bolivia b. Hong Kong c. Venezuela d. North Korea 3. Which one of the following is a centralized structure? a. Worldwide Product Division b. Worldwide Area Division c. The Functional Structure
The following information is extracted from an article1 about Coronavirus relief measure in Hong Kong. Hong...
The following information is extracted from an article1 about Coronavirus relief measure in Hong Kong. Hong Kong’s embattled leader on Wednesday unveiled her government’s biggest coronavirus financial relief package so far, offering a HK$137.5 billion (US$18 billion) lifeline to save ailing businesses and ensure some 1.5 million workers would continue to get paid in the tough months ahead. The government would, through employers, pay 50 per cent of salaries for half a year, each worker’s monthly subsidy capped at HK$9,000....
According to 2012 estimated data, the USA has a Gini index of 47.1, the UK has...
According to 2012 estimated data, the USA has a Gini index of 47.1, the UK has a Gini index of 32.6 and France has a Gini index of 33.1. Rank these three countries according to income distribution, starting with the countries with the lowest level of income distribution through to the highest
Accounting treatment Marx Company acquired the following shares in the Hong Kong Stock Exchange on 15...
Accounting treatment Marx Company acquired the following shares in the Hong Kong Stock Exchange on 15 October 2017, which it intended to sell in early 2018 to take advantage of the expected changes in the share prices: *200,000 ordinary shares of Arthur Ltd at $18.00 per share plus transaction costs of $3,500; and *160,000 ordinary shares of Bessie Ltd at $26.00 per share plus transaction costs $4,800. At its year end on 31 December 2017, the shares were quoted on...
Marcus Company acquired the following shares in the Hong Kong Stock Exchange on 15 October 2019,...
Marcus Company acquired the following shares in the Hong Kong Stock Exchange on 15 October 2019, which it intended to sell in early 2020 to take advantage of the expected changes in the share prices: 200,000 ordinary shares of Arthur Ltd at $26.00 per share plus transaction costs of $4,500; and 160,000 ordinary shares of Bessie Ltd at $25.00 per share plus transaction costs $8,800. At its year end on 31 December 2019, the shares were quoted on the Hong...
One of the key determinants to economic growth is access to capital. Using 54 variables to...
One of the key determinants to economic growth is access to capital. Using 54 variables to create an index of 1–7, with 7 being best possible access to capital, an economic institute ranked the following as the top ten nations (although technically Hong Kong is not a nation) by the ability of their entrepreneurs to gain access to capital. Country     Hong         Kong         Netherlands         U.K.         Singapore         Switzerland     Index 5.76 5.51 5.39 5.39 5.39 Country     U.S.         Australia         Finland         Germany         Denmark     Index 5.39...
Choose one of the following social/economic factors and to write a short essay (500 to 800...
Choose one of the following social/economic factors and to write a short essay (500 to 800 words) about the relation between the selected factor and Hong Kong economy: 1. Government-business relation 2. Social and human capital 3. Institutions for conflict management and social insurances 4. Labour market flexibility/rigidity 5. Income distribution 6. Demographic structure In the essay, you should discuss the following aspects of the selected factors: (a) The importance of the factor for an economy. (b) The ways to...
What are the differences between the values that underpin healthcare in (the following countries: USA, UK)
What are the differences between the values that underpin healthcare in (the following countries: USA, UK)
according to the heritage foundation's index of economic freedom 2018 has government spending increased or decreased...
according to the heritage foundation's index of economic freedom 2018 has government spending increased or decreased from the previous year? how has that affected the overall "score". /why
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT