The correct option is (C). A government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.
Further Explanation:
Laissez-Faire:
The theory of Laissez-faire in the 18th century. It states that the government should not intervene in the business affairs of the country. All the business activities should be carried out independently to the government restrictions and involvement. Laissez-faire is a French word which means leave alone. Therefore, this theory supports the idea of free-flow of business activities in the economy.
This theory states that the interaction of the government blocks the creativity of the business so, in Laissez-faire economy, the interference would be free to form an entity and take actions freely without the of the government.
Thus, a government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.
Justification for the correct and incorrect option:
A.
Fairly regulates workers: This is an incorrect option.
In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the workers.
B.
Fairly regulates businesses: This is an incorrect option.
In Laissez-faire, the government does not interfere in the actions of the business.
C.
Does not interfere with business affairs and does not regulate its actions: This is the correct option. In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the actions of the business.
D.
Leaves workers alone and doesn’t regulate unions: This is an incorrect option.
The government does not interfere in any activity of the business.
Learn more:
1. Learn more about the command economy
2. Learn more about the lawmaking process
3. Learn more about the social reforms
Answer details:
Grade: Senior School
Subject: Economics
Chapter: Types of Economics
Keywords: Government, laissez-faire, fairly, regulates, workers, businesses, .does not interfere, with business affairs, regulate actions, leaves, workers, alone, doesn’t, regulate, union.
A government is laissez-faire when it does not interfere with business affairs and does not regulate its actions
Further Explanation
Laissez-faire is an economic theory that resists any form of government interference in business affairs. It uses the principle that the less involvement of the government in the economy the more successful it can become, leading to the success of society as a whole. Free market capitalism is based on this Laissez-faire philosophy.
The following are the common types of legislation Laissez-faire economists oppose:
• minimum wages
• duties
• trade restrictions
• corporate taxes
Effects of Laissez-faire in the society
While Laissez-faire was implemented in the late 18th and early 19th century it was also noticed that it resulted in large gaps between the wealthy and the poor, unsafe working conditions for the workers and starvation.
Government Intervention
In the beginning of the 20th century significant government controls and regulations were implemented with the goal of protecting workers from unsafe working conditions and to protect consumers from unfair trading practices.
Criticism of Laissez-Faire
Critics of Laissez-faire targeted the moral ambiguities that is attached to capitalism as a system, to which, it does not inherently protect the lowest in the society. As an argument, advocates believe that when individuals pursue their interest first, the benefits will follow. However, for the detractors, Laissez-fair only leads to economic imbalances and poverty.
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Keywords: laissez-faire, economics, government
Answer:
There are no constitutional requirements for becoming a federal judge.
Explanation:
African Americans were welcomed to all religious revival meetings.
All American churches began to protest discrimination and slavery.
Free African Americans founded the first African American colleges.
Answer:
Free African Americans founded the first African American colleges.
Explanation:
At the time of the Reconstruction era, many African Americans made progress in different areas. many African American children attended free school for the first time during this time, African Americans started selling the newspaper and other work but the most important one is to attend new colleges and universities established for them.
One of the Institute is Morehouse college founded in Atlanta in 1867 by the former slave and two ministers for the education of African Americans.
Free African Americans founded the first African American colleges in the early 1800s. Therefore, option D is correct.
Free African Americans refers to individuals of African descent who were not enslaved during periods of slavery in the United States. They could be either born free or obtained their freedom through various means, such as manumission, emancipation, or escaping slavery.
Free African Americans faced significant challenges and discrimination, with limited rights and opportunities compared to their white counterparts.
Despite these obstacles, they established communities, pursued education, engaged in skilled trades, and fought for civil rights.
Free African Americans played an important role in shaping the history, culture, and ongoing struggle for equality in the United States.
Therefore, option D is correct.
Learn more about Free African Americans here:
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What was one of the events that led to U.S. involvement in WWI?
Answer:
Explanation:
For anyone in UsaTestPrep it is D) a superior cavalry with a confederation of tribes and clans Genghis Khan united the Mongols and built an empire by combining a superior cavalry with a confederation of tribes and clans. Their expertise on horseback allowed them to ride for days at a time and fight with bows and arrows superbly on horseback. Genghis Khan had united the various Mongol tribes in the 1200s, but not along any lines of “racial superiority therefore it is D.
The correct answer is by combining nomadic tribes which were of North east Asia.
Genghis Khan was the first and founder of great Khan for the empire of Mongol. After his death this empire was the largest contiguous in his history.
When Khan was proclaimed and founded the empire he then launched mongol invasions which conquered the great part of Eurasia.
The empire of Mongol occupied substantial area in China and Central Asia. Genghis Khan used Great Yasa to rule his people which included laws which were were talking about taxes, military, morals, procedures, court, and crime.
Mongol war horse was the center of Mongol life.