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
Q12: The government may impose industrial safety regulations
Q13: Which of the following statements is correct?
A)
Q14: Private ownership and property rights in a
Q15: Capitalism gets its name from the fact
Q16: One major element of the command system
Q18: In a market system, self-interest is the
Q19: Laissez-faire capitalism is characterized by:
A) Very limited
Q20: The market system is also known as:
A)
Q21: International specialization and trade:
A) Has to be
Q22: All of the following statements describe a
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