Which of the following is the best example of an economic precept?
A) Predictable irrationality
B) The supply/demand model
C) The production possibility model
D) Laissez-faire

Name: Which of the following is the best example of an economic precept? A) Predictable irrationality B) The supply/demand model C) The production possibility model D) Laissez-faire
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Question

Quizplus · Accepted Answer

Laissez-faire is an economic precept advocating minimal government intervention in the economy, allowing market forces to operate freely.

Which of the Following Is the Best Example of an Economic