Laissez-Faire Is a Theory That Refers to ______

question 16

Multiple Choice

Laissez-faire is a theory that refers to ______.

• A) the belief that protectionist trade policies lead to greater unemployment
• B) the role of big business in controlling the market for the good of all of society
• C) government support for the market to ensure economic prosperity
• D) the "invisible hand" of the marketplace creating positive social and economic outcomes
• E) the importance of each individual working for his or her own economic prosperity

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Definitions:

Days

Units of time equivalent to 24 hours, often used to measure durations or intervals.

Investment

The distribution of funds or assets with the intention of earning financial returns or profits.

Interest

Expenses incurred for the authorization to take out a loan, frequently shown as an annual rate in percentage.

Term Deposit

A financial product offered by banks that earns interest and is held for a predetermined period until it reaches the date of maturity.