Question

. Laissez-faire is an economic philosophy that was favored by many big business leaders of the late nineteenth century. Which statement best describes the role of a government that is following the philosophy of laissez-faire?

a. The government makes regulations that help business but harm consumers.
b. The government does not interfere in business practices.
c. The government tells businesses which goods they should produce.
d. The government is highly involved in business practices.

Answer 1

The answer is B!! Laissez-faire economics mostly focused around the government not being involved in business at all, and if it had to be involved it would be very little.

Answer 2

B. the government does not interfere in business practices.