In Which Type of Economic System Is the Laissez-Faire Philosophy

question 31

Multiple Choice

In which type of economic system is the laissez-faire philosophy rejected, and the central government acting as a representative of the people makes basic economic decisions?

• A) informal economy
• B) capitalism
• C) socialism
• D) agrarianism

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Definitions:

Big Five

A model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Organized

Being arranged in a systematic way, often improving efficiency and ease of use.

Projective Tests

Psychological assessments where participants respond to ambiguous stimuli, revealing hidden emotions, desires, and internal conflicts.

Personality Inventories

Standardized assessments aimed at evaluating different facets of an individual's personality traits and characteristics.