In political economy, the term laissez-faire means that the federal government's involvement in the economy

a. traditionally was not limited at all, but due to the process of privatization has become more limited.
b. involves the establishment of a national plan identifying desirable priorities for economic and social development.
c. is limited to macroeconomic policy-making.
d. is limited to regulating interstate commerce and commerce with foreign nations.
e. is significant due to its policy of nationalization, whereby the state assumes ownership and operation of private companies.

d

Political Science

You might also like to view...

Briefly explain commuter taxes and its benefits

What will be an ideal response?

Political Science

Which statement is the best description of the current Texas constitution?

A. The Texas constitution is viewed as well constructed. B. The Texas constitution is viewed as not well suited for today's society. C. The Texas constitution is a concise document similar in length and powers of government established by the U.S. Constitution. D. The Texas constitution is well tailored to the values of modern Texans.

Political Science