The Doctrine of Laissez Faire Is Based on the Belief

question 18

Multiple Choice

The doctrine of laissez faire is based on the belief that

• A)Markets are likely to do a better job of allocating resources than government directives.
• B)Government directives are likely to do a better job of allocating resources than markets.
• C)Government failure does not exist.
• D)Markets result in an unfair distribution of income.

---

Definitions:

Disjunctions

Logical operators that represent the relationship "or" between two elements, propositions, or sets, implying that at least one of the elements is true.

Negation

In logic, negation refers to the operation of changing a statement's truth value from true to false, or vice versa.

Disjunction

A logical operation that yields true if at least one of its operands is true.

Conditional

A logical statement that has an "if-then" form, specifying that one proposition depends on another for its truth.