Laissez-faire economists believe that human life would be best improved by:
A) a guaranteed minimum income for all citizens
B) allowing unrestrained competition in the marketplace
C) increasing a nation's holdings of gold and other precious metals
D) public ownership of property and the sharing of profits
Correct Answer:
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Q30: Malcolm Chan believes that owners of property
Q31: The economic philosophy based on public ownership
Q32: All of the following are elements of
Q33: Laissez-faire capitalism arose as a reaction to
Q34: Adam Smith's concept of the "invisible hand"
Q36: Which of the following is an economic
Q37: Early socialists called economics the "dismal science"
Q38: All of the following are elements of
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Q40: An economic system in which demand and
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