Question

Which of the following is the best example of a laissez-faire government policy?

O Refusing to set a minimum wage for workers
O Requiring certain safety equipment in a factory
O Implementing child labor laws and standards
Providing loans to failing businesses

Answer 1

The best example of a laissez-faire government policy is refusing to set a minimum wage for workers.

Step-by-step explanation:

The best example of a laissez-faire government policy is refusing to set a minimum wage for workers. Laissez-faire is an economic theory that advocates for minimal government intervention in the economy. By refusing to set a minimum wage, the government allows the market forces of supply and demand to determine wages, without government interference. This is in line with the idea of limited government involvement in economic affairs.

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