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In Political Economy, the Term Laissez-Faire Means That the Federal

Question 17

Multiple Choice

In political economy, the term laissez-faire means that the federal government's involvement in the economy


A) traditionally was not limited at all, but due to the process of privatization has become more limited.
B) involves the establishment of a national plan identifying desirable priorities for economic and social development.
C) is limited to macroeconomic policy-making.
D) is limited to regulating interstate commerce and commerce with foreign nations.
E) is significant due to its policy of nationalization, whereby the state assumes ownership and operation of private companies.

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