After watching the short video clip, http://stosselintheclassroom.org/videos/how_economic_freedom_leads_to_prosperity/(Links to an external site.), answer each of thethree question sets below, making sure to relate your answers to the concepts/ideas presented in the video and your text.You can bring in other information as you deem appropriate. You do not need a book in response but more than a few sentences will likely be needed for each question set. This clip is from 2010 but the principles discussed are still valid and valuable to discuss. See http://www.heritage.org/index/ranking(Links to an external site.) for current data.

1. Is it better to live in a country with more economic freedom? Why or why not?

2. Did you expect the United States to be ranked higher or lower than # 8 on the list of countries with the highest economic freedom? How do you feel about its ranking?

3. Does government intervention help or hinder a private business's development and growth? Why or why not? (This means to defend your answer with positive analysis).Compare some of the higher ranking countries to the lowest-ranked ones to help explain your answer? What about comparing even the highest-ranking countries to the United States at #8?