In Political Economy, the Term Laissez-Faire Means That the Federal

question 46

Multiple Choice

In political economy, the term laissez-faire means that the federal government's involvement in the economy

• A) traditionally was not limited at all, but due to the process of privatization has become more limited.
• B) involves the establishment of a national plan identifying desirable priorities for economic and social development.
• C) is limited to macroeconomic policy-making.
• D) is limited to regulating interstate commerce and commerce with foreign nations.
• E) is significant due to its policy of nationalization, whereby the state assumes ownership and operation of private companies.

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Definitions:

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A condition or illness that is progressive and incurable, ultimately leading to death.

Judaism

A monotheistic religion centered on the worship of one God and the ethical and ritual observances outlined in the Torah and other Jewish texts.

Sabbath

A day of religious observance and abstinence from work, recognized within various traditions, typically occurring weekly.