What is a laissez-faire economy?
What will be an ideal response?
A laissez-faire economy is one in which individuals and firms pursue their own self-interests without any central direction or regulation.
Economics
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Typical consumption taxes create an incentive to save
Indicate whether the statement is true or false
Economics
If it costs $6.00 to go to the movies and $25.00 to go to a hockey game, Tom is maximizing his utility between movies and hockey if his marginal utility of movies is 12 units and his marginal utility from hockey is 50
Indicate whether the statement is true or false
Economics