A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

When economists use the term "laissez-faire," what economic idea are they referring to? A. Government plays an important role in regulating the economy. B. Individuals are inefficient at making sound economic decisions. C. Government should not interfere with business practices. D. Individuals cannot independently run large corporations.

  • This Question is Open
  1. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    laissez-faire: abstention by governments from interfering in the workings of the free market. abstention: an instance of declining to vote for or against a proposal or motion.

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    So with that vocabulary you can know they are talking about the government's position in this, so it wouldn't be D or B and you also know that the government is being declined something.

  3. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    So the answer that is declining the government of something would be...

  4. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.