The economic freedom associated with a _____ creates greater incentives for innovation and entrepreneurship than either a planned or a mixed economy.
A. mixed economy
B. planned economy
C. market economy
D. command economy
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Which of the following is a legal means by which the state can expropriate the profits from innovation?
A. Demands for money to grant alicense
B. Expropriation
C. Enforcing property rights
D. Excessive taxation
Some _____ have fostered a market economy and strong property rights protection and have experienced rapid economic growth.
A. totalitarian regimes
B. command economies
C. dictatorships
D. centrally planned systems
Several of the fastest-growing Asian economies adopted more _____ governments during the past three decades, including South Korea and Taiwan.
A. totalitarian
B. democratic
C. dictatorial
D. socialists
Anecdotal comparisons suggest that the assertion that nations that invest more in _____ will have higher growth rates is true.
A. infrastructure
B. centralized urban centers
C. education
D. manufacturing