Questions Based On Required Reading
2005 Essay Contest
Subject:
Economic Freedom
Who Has It and Who Doesn't and
To What Degree
The Benefits of Free Trade
Q1-
Be the Devil's Advocate and counter Benjamin
Franklin's statement that "No nation was ever ruined by trade."
Index of Economic Freedom and Annual Report
(Chapter 3 for links to countries)
Q2- Name five countries whose ranking surprised you.
Q3- Write one sentence each to explain why you chose the countries you did in Q2.
Q4- The USA was not ranked first in any of the years exhibited online in the
Annual Report nor in the 2005 Index. List the twelve countries that ranked
higher on the Index and the countries that out ranked the USA in the eight
Annual Reports.
Q5- The Index uses 50 variables in 10 categories. The Report shows 21 variables in 5 categories and lists 24 sub-variables in its online charts.
Take the 10 categories of the Index and place all 45 variables found in the Annual Report charts under one of the Index categories. The Trade Policy category is already done as an example. Many variables might well go under more than one category. Do the best you can using each variable only once until all are categorized. We will be able to tell if thought is put into this exercise.
Example
Trade Policy
4A
4Ai
4Aii
4Aiii
4B