The Belief That the Freedom to Determine Prices and Competition

question 4

Multiple Choice

The belief that the freedom to determine prices and competition without the interference of the government or the guilds would result in the best economic outcome is:

• A) traditional economics.
• B) command economy.
• C) laissez-faire economics.
• D) mixed economy.

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Definitions:

Virtual Assistant

An artificial intelligence program that can perform tasks or services for an individual based on commands or questions.

Desktop Computers

Personal computers designed for regular use at a single location on or near a desk or table due to their size and power requirements.

Notebook Computers

Portable computers that can be easily transported and used in various locations.

Trojan Horse

A malicious software program disguised as a harmless application, used to gain access to computer systems.