What Is the Most Fundamental Assumption of the Laissez-Faire Economy

question 55

Multiple Choice

What is the most fundamental assumption of the laissez-faire economy?

• A) some sort of class distinction in society is inevitable
• B) individuals are capable of making decisions that will not destroy society
• C) the state has no experience with the economy
• D) the fluctuations in the economy are planned

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Definitions:

Cease-And-Desist Order

A legal order issued by a court or government authority demanding the halting of specified activities.

Administrative

Pertaining to the execution of laws and the management of public affairs; often related to the functions and activities of government agencies.

Judicial Order

A directive issued by a court or a judge requiring a person or entity to do or refrain from doing something.

Illegal

Activities or actions that are forbidden by law and subject to criminal penalties or other sanctions.