Laissez-Faire Refers to a Situation in Which There Is ____

question 184

Multiple Choice

Laissez-faire refers to a situation in which there is ____ with the workings of the market system.

• A)zero consumer involvement
• B)zero government interference
• C)minimal government interference
• D)complete government interference

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Definitions:

Unexpected Opportunities

Situations or prospects that were not previously planned for or considered that could benefit the company or individual.

Secured Loan Agreement

A loan agreement in which the borrower pledges an asset as collateral for the loan, which the lender can seize if the loan is not repaid.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

Precautionary Demand

The desire to hold cash or assets as a buffer against future financial uncertainties.