
Laissez-Faire Economics Concepts

Interactive Video
•
History, Business, Social Studies
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the core idea behind laissez-faire economics?
Government should control all business activities.
Limited government intervention benefits society.
Businesses should be nationalized.
Government should set all prices.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT rejected by laissez-faire economists?
Trade restrictions
Minimum wages
Corporate taxes
Free market competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who were the physiocrats?
A group of British industrialists
German philosophers promoting socialism
French thinkers advocating free markets
American economists supporting tariffs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant challenge faced by early laissez-faire policies?
Overproduction of goods
Excessive government control
Lack of scientific principles
Poor harvests leading to scarcity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major criticism of laissez-faire economics?
It promotes too much government intervention.
It lacks protection for vulnerable populations.
It encourages excessive taxation.
It leads to overregulation of businesses.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who was a prominent critic of laissez-faire economics in the 20th century?
Adam Smith
David Ricardo
John Maynard Keynes
Jean-Baptiste Colbert
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of laissez-faire economics?
It guarantees consumer protection.
It eliminates all forms of competition.
It fosters innovation and individual responsibility.
It ensures equal wealth distribution.
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