The Term "Laissez-Faire" Was Given to a System of Free

question 130

Multiple Choice

The term "laissez-faire" was given to a system of free markets by

• A)twentieth-century American economists.
• B)a seventeenth-century Scottish economist.
• C)eighteenth-century French economists.
• D)nineteenth-century Italian economists.

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Definitions:

Out-of-Pocket Damages

Expenses or losses borne directly by an individual or entity due to another party's actions or inactions.

Punitive Damages

Monetary compensation awarded to a plaintiff, over and above actual damages, intended to punish the defendant for particularly egregious behavior.

Consequential Damages

Additional losses suffered as a direct consequence of a breach of contract, beyond the immediate scope of the contract itself.

Breach of Contract

The failure to perform as stipulated by the terms of a contract, which can result in legal consequences for the party in breach.