Laissez-Faire and Government Regulation
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Questions and Answers

What is the characteristic of Laissez-Faire in relation to government regulation?

  • It depends on government regulation for business benefits
  • It opposes government regulation for business benefits (correct)
  • It is indifferent to government regulation for business benefits
  • It actively seeks government regulation for business benefits
  • How does Laissez-Faire ideology view government intervention in business?

  • As a hindrance to economic progress and individual freedom (correct)
  • As a means to promote fair competition and consumer protection
  • As necessary to maintain social welfare and wealth redistribution
  • As essential for economic growth and development
  • What is the stance of Laissez-Faire towards government regulation and business?

  • It advocates for strict government control over business operations
  • It seeks a balance between government regulation and free-market practices
  • It promotes minimal government intervention in business affairs (correct)
  • It supports complete government ownership of all businesses
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