The Doctrine of Laissez Faire Is Based on the Belief

question 18

Multiple Choice

The doctrine of laissez faire is based on the belief that

• A)Markets are likely to do a better job of allocating resources than government directives.
• B)Government directives are likely to do a better job of allocating resources than markets.
• C)Government failure does not exist.
• D)Markets result in an unfair distribution of income.

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