In the YouTube video entitled, "Commanding Heights - The Agony of Reform," what important lessons were learned about creating economic propserity? Multiple Choice That personal liberty, private property rights, respect for law & contracts, well-fed educated population, along with safety in the streets are important pre-conditions for a successful economy. The government should not print tremendous amounts of money faster than their GDP growth, otherwise a terrible inflation and more poverty would often be the result. All statements are true. The less government intervention in the economy, the better off people would be.

In the YouTube video entitled, "Commanding Heights - The Agony of Reform," what important lessons were learned about creating economic propserity? Multiple Choice That personal liberty, private property rights, respect for law & contracts, well-fed educated population, along with safety in the streets are important pre-conditions for a successful economy. The government should not print tremendous amounts of money faster than their GDP growth, otherwise a terrible inflation and more poverty would often be the result. All statements are true. The less government intervention in the economy, the better off people would be.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 9PA

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