Under Laissez Faire, Output Selection Is Determined by

question 94

Multiple Choice

Under laissez faire, output selection is determined by

• A)consumer preferences.
• B)production costs.
• C)firms' desires to make profits.
• D)All of the above are correct.

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Definitions:

Distribution

The payment of dividends, capital gains, or other earnings from an investment to its shareholders or partners.

Keogh Deduction

A tax deduction available to self-employed individuals or unincorporated businesses for retirement plan contributions.

Self-employed

An individual who works for themselves and does not have an employer withholding taxes from their paycheck.

Deductible Keogh Contribution

Contributions to a retirement plan for self-employed individuals or unincorporated businesses, allowing for tax deductions.