The government's role in a laissez-faire system includes
A)determining market prices
B)constructing and maintaining roads and infrastructure
C)determine the levels of profits earned by firms
D)impose minimum wages

Question

Quizplus · Accepted Answer

In a laissez-faire system, the government's role is limited and typically focuses on ensuring the operation and maintenance of infrastructure such as roads, bridges, and other public goods. The market is largely responsible for determining prices and profits, and minimum wage laws are not typically imposed as the government strives for non-intervention in private enterprise.

The Government's Role in a Laissez-Faire System Includes