The doctrine of laissez faire is based on the belief that
A)Markets are likely to do a better job of allocating resources than government directives.
B)Government directives are likely to do a better job of allocating resources than markets.
C)Government failure does not exist.
D)Markets result in an unfair distribution of income.

Question

Quizplus · Accepted Answer

The doctrine of laissez faire supports the idea that markets should operate freely without government intervention, and this is due to the belief that markets are better equipped to allocate resources efficiently compared to government directives.

The Doctrine of Laissez Faire Is Based on the Belief