What Does a Belief in the Doctrine of Laissez-Faire Mean

question 48

Multiple Choice

What does a belief in the doctrine of laissez-faire mean?

• A)That the government should be restricted to providing public goods only.
• B)That the government should be made responsible for ensuring that enough goods and services are produced in an economy.
• C)That the government works best with limited market interference.
• D)That the market works best with limited government interference.

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Definitions:

Chapter 7

A provision of the Bankruptcy Code providing for "liquidation," which involves the sale of a debtor's non-exempt property and the distribution of the proceeds to creditors.

Permanent Trustee

A trustee appointed to manage and administer a trust indefinitely until the trust’s objectives are fulfilled or the trust is legally dissolved.

Chapter 7

A provision under the U.S. Bankruptcy Code allowing for liquidation of a debtor's assets to pay off creditors.

Discharge

A written federal court order signed by a bankruptcy judge stating that the debtor is immune from creditor actions to collect debt; that is, a release from liability.