Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14. Denmark ranks 10th in economic freedom. Zimbabwe ranks 173rd. Greece ranks 77th. See https:/www.heritage.org/index/ranking Why the divergent rankings? Why has the United States fallen

image text in transcribed
14. Denmark ranks 10th in economic freedom. Zimbabwe ranks 173rd. Greece ranks 77th. See https:/www.heritage.org/index/ranking Why the divergent rankings? Why has the United States fallen to 25th - it's lowest ranking ever? a. Because Zimbabwe has lower levels of corruption and greater protection of private property rights than both Denmark and Greece; Because of the 16th amendment and crony capitalism. b. Because Zimbabwe has followed the teachings of people like Karl Marx, while Denmark tends to pursue more business-friendly regulations. Greece, on the other hand, has greater protection of property rights than Zimbabwe but much lower business freedom than Denmark; Because of the current fiscal health of the U.S. c. Because Zimbabwe promotes Adam Smith's principles to the ideas of self-interest while Denmark tends embrace the use of "master minds". Meanwhile, Greece has greater corruption than either Denmark or Zimbabwe; Because the United States has cut taxes and government spending in recent years. d. Because Denmark has high tariffs while Zimbabwe tends to embrace business freedom and limited government intervention in markets. In contrast, Greece is much more like Hong Kong when it comes to tariffs, taxes, and welfare spending; Because of the Kelo v. New London, CT decision. e. None of the above. f. C and D only

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research Methods Design And Analysis

Authors: Larry Christensen

13th Edition

0205961258, 978-0205961252

More Books

Students also viewed these Economics questions

Question

7. One or other combination of 16.

Answered: 1 week ago

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago