Which of the Following Is an Economic Justification for a Policy

question 9

Multiple Choice

Which of the following is an economic justification for a policy of laissez-faire?

• A) The existence of externalities.
• B) The free-rider dilemma.
• C) The efficiency of the market mechanism.
• D) Public goods.

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Definitions:

Organizational Survival

The capacity of an organization to continue to exist and sustain its operations over time, often through adaptation and overcoming challenges.

Innovative Activities

Initiatives or processes aimed at creating new ideas, products, or methods, typically to improve efficiency or create value.

Reliable Performance

Consistently achieving a level of performance that meets the expectations and standards over time.

Flexible Behaviour

The ability to adapt actions and strategies in response to changing circumstances or environments.