Which of These Men Developed the Notion of Laissez-Faire

question 31

Multiple Choice

Which of these men developed the notion of laissez-faire?

• A) Jean-Baptiste Colbert
• B) Jacques-Bénigne Bossuet
• C) Adam Smith
• D) Cardinal Richelieu

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Definitions:

Consumer Groups

Organizations that advocate for the rights and interests of consumers by providing education, policy advocacy, and products or services testing.

Sales Tax

A tax imposed by a government on sales of goods and services, collected by the retailer and passed on to the government.

Tax System

The structured way in which taxes are imposed in a country, including the collection of taxes from individuals and businesses.

Progressive

Referring to a tax system in which the tax rate increases as the taxable amount increases, leading to higher earners paying a higher percentage of their income in taxes.