What Does Laissez-Faire Mean

question 19

Multiple Choice

What does laissez-faire mean?

• A)The principle of human progress
• B)The underlying belief in state control of economics
• C)The economic theory of free trade and exchange
• D)A form of deism
• E)Religious liberty

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Definitions:

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases.

Indirect

Referring to a relationship or communication where the effect or message is not directly conveyed, but rather inferred through other means.

Statistical Significance

See Significance level.

Degrees of Freedom

The quantity of autonomous numbers or measures that can be allocated to a statistical distribution while still adhering to all restrictions.