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Alex17521 [72]
3 years ago
9

Which of the following is a key characteristic of economic freedom?

Business
1 answer:
Sholpan [36]3 years ago
5 0

Answer: Institutions and policies supportive of voluntary exchange, freedom to compete, and protection of people and their property from aggressors are all key characteristics of economic freedom.

Explanation: Economic freedom is a ranking system that shows how economically free different countries are. The ranking system is conducted annually and looks at property rights, policies and freedom they currently have to give an accurate rating of how truly free their country is.

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The correct answer is accrual of interest expense.

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The order of presentation of activities on the statement of cash flows is
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d. The skill level of workers is identical in both countries.

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The Law of One Price is an economic theory which explains that the price of identical or similar goods in different markets must be the same after taking the currency exchange into consideration. In law of one price, there is perfect competition and It ensures that buyers have the same purchasing power across global markets.

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Name three factors that determine a good’s or service’s elasticity.
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Answer:

Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.

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There are a number of toothpastes marketed under the Crest brand, including Cavity Protection Crest, Pro-Health Sensitive Shield
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B. product line

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