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2 Apr 2018
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.
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. |
2 Jun 2021
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Related questions
Which of the following is not true about classical economists?
|
a. |
They criticized mercantilism as an economic system. |
|
b. |
They advocated laissez-faire policies to promote economic growth. |
|
c. |
They believed the economy would naturally tend toward full employment. |
|
d. |
They believed prices and wages were flexible. |
|
e. |
They sought government intervention in markets to promote fairness. |
