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FSOT: 500 Test Prep Study Questions

Category - Economics

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Which best defines laissez-faire capitalism?
  1. Business activity and natural resource usage and distribution are not regulated by the government
  2. Government controlled distribution of natural resources with little involvement in other sectors of the economy
  3. Ownership of the means of productions is split between public and private entities
  4. Existence of extensive legislation governing internal trade
Explanation
Answer: A - Business activity and natural resource usage and distribution are not regulated by the government.
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