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5.The French term laissez-faire means Answer there

Customer Question

5.The French term "laissez-faire" means:
Answer

"there is no free lunch."

"let it be."

"circular flow."

"public ownership."


6.The pursuit of self-interest:
Answer

is highly detrimental to the market system.

means the same as "selfishness."

is reflected in the behavior of firms, but not in the behavior of consumers.

gives direction to the market system.


7.Households and businesses are:
Answer

both buyers in the resource market.

both sellers in the product market.

sellers in the resource and product markets respectively.

sellers in the product and resource markets respectively.
Submitted: 5 years ago.
Category: Homework
Expert:  Bizhelp replied 5 years ago.
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