Asked by Alyssa Everett on Jul 06, 2024
Verified
Magenta Inc., an Australian footwear company, is planning to open its stores in Sri Lanka. Before starting its operations in Sri Lanka, Magenta Inc. wants to assess the level of economic freedom in the country. It wants to collect data on the rule of law, limitations on government, the degree of regulatory efficiency, and the openness of the Sri Lankan market to domestic and international competition. Which of the following organizations can provide the required data to Magenta Inc.?
A) Freedom House
B) The Heritage Foundation
C) Orange One
D) The United Nations
Economic Freedom
The measure of how easy it is for members of a society to participate in economic activities without unnecessary restrictions.
The Heritage Foundation
An American conservative think tank based in Washington, D.C., focusing on public policy research and advocacy in areas such as economics, foreign policy, and social issues.
Regulatory Efficiency
The extent to which regulatory policies and procedures achieve desired outcomes without unnecessary imposition of costs or complexity on businesses or individuals.
- Gain insight into the determinants of economic freedom in a country.
- Understand the repercussions of widespread and localized political hazards on businesses operating internationally.
Verified Answer
SP
Sashauna PatrickJul 08, 2024
Final Answer :
B
Explanation :
The Heritage Foundation publishes the Index of Economic Freedom, which assesses countries based on rule of law, government size, regulatory efficiency, and market openness, making it a suitable source for Magenta Inc.'s needs.
Learning Objectives
- Gain insight into the determinants of economic freedom in a country.
- Understand the repercussions of widespread and localized political hazards on businesses operating internationally.