Laissez-faire capitalism limits the government's economic functions to the following, except
A) protecting private property rights.
B) establishing a legal environment to enforce contracts among individuals.
C) preventing individuals and firms from coercing others.
D) setting prices of individual goods and services.
Correct Answer:
Verified
Q103: The guiding function of prices tends to
Q104: In a command system,
A) self-interest motivates and
Q105: The market system is also known as
Q106: The economies of North Korea and Cuba
Q107: Which of the following statements about self-interest
Q109: The government may impose industrial safety regulations
Q110: The invisible hand refers to the many
Q111: Which of the following would not be
Q112: The main characteristics of a modern market
Q113: Economic systems differ from one another based
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