Question

Laissez-faire is an economic: Multiple Choice precept because it is the logical conclusion of a model with widely held assumptions. theorem because it is the logical conclusion of a model with carefully stated relationships among variables. precept because it is based on a model and normative judgments about the relevance of the model to the real world. theorem because it is based on deductive analysis of a model that is based on assumptions.

Answer 1

Option C (Precept............real world) is the right answer.

Step-by-step explanation:

Laissez-faire economics seems to be a hypothesis that always constrains government interference.

• It maintains that perhaps the financial sector was indeed particularly strong since all the current regime was doing was safeguard the freedom of persons.
• Subsequently, free-market statisticians predicated on the premise of laissez-faire mostly as an approach to sustainable economic success, because while critics disparaged it for helping to promote unfairness.

The other actions taken are not connected to the circumstance in question. That would be the right response to the above.