Question

According to the idea of laissez-faire government, when does the economy perform the best?

A when workers are given better hours and higher pay
B when there are very few government regulations on business
C when the government owns the natural resources
D when industries trade with as many nations as possible

Answer 1

Option B is the correct answer. According to the idea of laissez-faire government, the economy performs best when there are very few government regulations on business.

Step-by-step explanation:

The idea of laissez-faire government, which advocates for minimal government intervention in the economy, suggests that the economy performs best when there are very few government regulations on business (option B). Laissez-faire economics believe that private markets can operate efficiently without government interference, allowing private investors to determine which sectors of the economy will grow and which products will be successful. This theory assumes that market forces alone can drive economic growth and automatically correct any downturns or recessions.