Economic Freedom and Transformation

What motivated the woman in the story to prove her worth?

• Her father's encouragement

• The laughter of fellow villagers

• A personal dream

• A school teacher's advice

What is a significant difference between South and North Korea mentioned in the video?

• Economic policies

• Cultural heritage

• Climate

• Freedom to dream

How much has the average person's income increased in the last 200 years?

• 1500%

• 2000%

• 1000%

• 500%

What was the initial focus of John Hernandez's beekeeping business?

• Exporting honey

• Producing queen bees

• Pollination services

• Selling bee equipment

What crisis did John Hernandez face in 2005?

• Political instability

• Natural disaster

• Decline in bee populations

• Economic recession

Who were the 'Chicago Boys'?

• Economists influenced by Milton Friedman

• A group of military leaders

• Political activists

• Chilean business owners

What was one of the controversial actions taken by Salvador Allende?

• Reducing government social programs

• Increasing foreign trade

• Nationalizing businesses

• Privatizing the pension system

What percentage of Chile's population attends university today?

• 60%

• 40%

• 25%

• 10%

What is the main product of Veronica Cerezos's micro-factory?

• Loom and felt objects

• Handmade jewelry

• Wooden furniture

• Pottery

What is a key benefit of economic freedom according to the video?

• Reduced international trade

• Empowerment and poverty reduction

• Higher taxes

• Increased government control