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Question : Which of the following are used to calculate the economic freedom of a country?

Option 1: Rule of Law, Regulatory Efficiency, Market Openness, Government Size

Option 2: Gross domestic product, Regulatory Efficiency, Market Openness, Foreign direct investment

Option 3: Rule of Law, Inflation, Gross domestic product growth rate, Government Size

Option 4: Rule of Law, Regulatory Efficiency, Inflation, Foreign direct investment


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Rule of Law, Regulatory Efficiency, Inflation, Foreign direct investment


Solution : The correct answer is the Rule of Law, Regulatory Efficiency, Inflation, and Foreign direct investment.

The "four freedoms"—freedom of movement of people, capital, goods, and services—are the focus of the single market. This is accomplished through a set of uniform laws and regulations that every member state of the EU is required by law to abide by. People are free to work, produce, consume, and invest however they want in a society where the economy is free.

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