In a laissez-faire economy
A) individual people and firms pursue their own self-interest.
B) the government decides how to distribute goods and services.
C) a centralized authority establishes what will be produced.
D) consumers do not exercise choice.
Correct Answer:
Verified
Q191: Some economists advocate government intervention in a
Q192: Advocates of an unregulated market system argue
Q193: The basic coordinating mechanism in a free-market
Q194: Which of the following statements is true
Q195: Which of the following is true of
Q197: Which of the following statements is false?
A)
Q198: In a laissez-faire economy, _ what gets
Q199: Which of the following statements is true?
A)
Q200: An institution through which buyers and sellers
Q201: In which system are decisions made by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents