Multiple Choice
Which of the following is a common reason why some individuals remain unbanked?
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0. Basic Principles of Economics
Introduction to Economics
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Which of the following are two key components of laissez-faire economics?
A
Government subsidies and trade restrictions
B
Central planning and price controls
C
Limited government intervention and free markets
D
Collective ownership and income redistribution
Verified step by step guidance1
Understand the concept of laissez-faire economics, which emphasizes minimal government interference in economic activities.
Identify that laissez-faire economics supports free markets where supply and demand determine prices without government-imposed controls.
Recognize that limited government intervention means the government does not heavily regulate or control businesses and markets.
Compare the options given: government subsidies and trade restrictions imply active government involvement, which contradicts laissez-faire principles.
Conclude that the two key components of laissez-faire economics are limited government intervention and free markets.
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