Which of the Following Statements About the Laissez-Faire Concept Is

question 55

Multiple Choice

Which of the following statements about the laissez-faire concept is true?

• A) It stands for the belief that government intervention in the market is desirable.
• B) It lessens the efficiency with which free enterprise operates to benefit consumers.
• C) It is necessary because market forces are benevolent.
• D) It opines that businesses are responsible for correcting social problems.

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Definitions:

Agreeableness

Agreeableness is a personality trait that signifies how cooperative, warm, and kind an individual is towards others.

Behavioral Tendencies

Patterns or propensities in individuals' actions and reactions under certain conditions or stimuli.

Reputations

The beliefs or opinions that are generally held about someone or something based on past actions or character.

Expectancy Effects

Phenomena where an experimenter's or observer's expectations about a participant can actually influence the outcome of a study or the behavior of the participant.