Under Laissez-Faire, the Allocation of Scarce Resources Among the Different

question 110

Multiple Choice

Under laissez-faire, the allocation of scarce resources among the different industries

• A)is possible only with government tax and subsidy policies.
• B)is accomplished by the price system.
• C)requires a considerable amount of central planning.
• D)is the result of consumer planning.

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Definitions:

Emotion Labour

The process of managing and sometimes suppressing emotions to fulfill the emotional requirements of a job or role.

Profit Making

involves activities or strategies implemented by businesses or individuals to generate financial gain or increase earnings.

Classroom Discussions

Structured conversations among students and instructors within an educational setting designed to enhance learning through shared ideas.

Participation

The act of taking part in an activity or event; involves engagement and contribution from individuals in a group or a process.