Which of the Following, If True, Most Undermines Laissez-Faire Systems

question 44

Multiple Choice

Which of the following, if True, most undermines laissez-faire systems?

• A)Government intervention limits economic growth.
• B)Private enterprise makes the nation prosper.
• C)Markets do not always regulate themselves.
• D)Welfare systems create a culture of dependence.

---

Definitions:

Prepaid Rent

An advance payment for rent that is recorded as an asset on the balance sheet until it is incurred as an expense.

Interest Expense

The cost incurred by an entity for borrowed funds, such as loans or bonds, over a specific period.

Prepaid Expenses

Expenditures paid in advance for goods or services to be received in the future.

Economic Value

The worth of a good or service as determined by the market or the utility it provides to individuals or firms.