Under Laissez Faire, Output Selection Is Determined by

question 94

Multiple Choice

Under laissez faire, output selection is determined by

• A)consumer preferences.
• B)production costs.
• C)firms' desires to make profits.
• D)All of the above are correct.

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Definitions:

Longitudinal Research Design

A research strategy that involves repeated observations of the same variables (e.g., people) over short or long periods of time.

Cross-Sectional Research Design

A research method that analyzes data from a population, or a representative subset, at a specific point in time.

Self-Esteem

An individual's overall subjective emotional evaluation of their own worth.

High School

An educational institution providing secondary education, typically for students aged 14 to 18.