Multiple Choice
In a laissez-faire economy, the price system plays a key role in
A) selecting outputs.
B) selecting inputs.
C) distributing outputs.
D) All of the responses are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q148: Division of iron ore between the production
Q149: The degree to which an economic system
Q150: The laissez-faire free-market system is<br>A)an ideal of
Q151: Economists believe having higher prices for scarcer
Q152: Prices can work to benefit the public
Q154: Each point on a production possibilities frontier
Q155: Prohibiting price increases in situations of true
Q156: To equalize traffic on transportation routes, a
Q157: Under a system of laissez-faire, output selection
Q158: Figure 11-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 11-1