_____ is contrary to a laissez-faire economic system
a. Active government intervention in all economic decisions
b. Reliance on prices to adjust to changing market conditions
c. The theory put forward by classical economics
d. The theory introduced by neoclassical economics
e. The market acting as an invisible hand
a
Economics
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Money as a medium of exchange
I. Facilitates the exchange of goods II. Reduces the incentive to barter A) I only B) II only C) Both I and II D) Neither I nor II
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If Spain decreases subsidies to its olive growers, the price of olives in the U.S. will fall.
Answer the following statement true (T) or false (F)
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