(Answered) : Three Groups Countries Described Chapter Contrasted Terms Degree Economic Freedom Refers E Q32456596

The three groups of countries described in this chapter can becontrasted in terms of degree of economic freedom. It refers to theextent to which economic activities in a nation can take placefreely and without government restrictions. Various organizationshave developed indexes of economic freedom, including: The CatoInstitute (www.cato.org), The Heritage Foundation(www.heritage.org), The Fraser Institute (www.fraserinstitute.org).In measuring economic freedom, such indexes consider factors suchas trade policies, extent of government intervention, monetarypolicies, inward foreign direct investment, property rights, andcommercial infrastructure. Countries are classified into categoriessuch as free, mostly free, mostly unfree, and repressed. Exploreone of the economic freedom indexes by visiting one of