menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 11: The Case for Free Markets: the Price System
  5. Question
    In a Laissez-Faire System, the Price Mechanism Dictates the Production
Solved

In a Laissez-Faire System, the Price Mechanism Dictates the Production

Question 23

Question 23

True/False

In a laissez-faire system, the price mechanism dictates the production planning decisions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: If both the MU and MC of

Q19: When a shortage occurs in the market

Q20: In a market economy, goods are allocated

Q21: Explain how the free-market mechanism adjusts prices

Q22: When all prices are set equal to

Q24: Government-imposed limits on price movements are likely

Q25: Distribution is a major question to be

Q26: When the invisible hand is at work,<br>A)the

Q27: The price system is sometimes criticized in

Q28: When an economy operates efficiently,<br>A)the MRPs of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines