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Which of the following ideas is associated with laissez-faire economics?

a. Command economy

b. Free market economy

c. Mixed market economy

d. Socialist economy

e. Traditional economy

Ā 

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Sonia Dhawan
Sonia DhawanLv10
13 Sep 2020
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Related questions

The government determines prices for goods and services in a ____________.
a. Command economy
b. Mixed economy
c. Free-market economy
d. None of these is correct
Why might a socialist society have a less rigid command economy than a communist society?
A. In a socialist society, an authoritarian government controls the economy.
B. In a socialist society, the centers of economic power are under private control.
C. In a socialist society, all economic and political power rests in the hands of the central government.
D. In a socialist society, various political systems may be combined with public control of the economy.

Which of the following best describes the concept of laissez-faire?

a.

 Government should not intervene in the economy.

b.

 Government should actively intervene in the economy whenever it judges the action to be beneficial.

c.

 Government should intervene in the economy only to promote short-term economic stability.

d.

 Government should intervene in the economy only to maximize long-term growth rates.

e.

 Government should intervene in the economy only when the economy is not at full employment or there is substantial inflation.

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