Which of the Following Best Describes the Concept of Laissez-Faire

question 23

Multiple Choice

Which of the following best describes the concept of laissez-faire?

• A)Government should not intervene in the economy.
• B)Government should actively intervene in the economy whenever it judges the action to be beneficial.
• C)Government should intervene in the economy only to promote short-term economic stability.
• D)Government should intervene in the economy only to maximize long-term growth rates.
• E)Government should intervene in the economy only when the economy is not at full employment or there is substantial inflation.

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Definitions:

Psychological

Relates to the mind or mental processes and how they influence behavior and well-being.

Biological Factors

Elements within the biological makeup of organisms, such as genetics, brain chemistry, and physiology, that influence behavior and mental states.

Dissociative Identity Disorder

A psychological condition formerly known as multiple personality disorder, marked by the presence of two or more distinct personality states or identities in a single individual.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.