1. A government pursuing laissez-faire policies would
a. regulate economic competition to ensure basic fairness.
b. promote fairness for the least-advantaged members of society.
c. take a hands-off attitude toward the economy.
d. regulate the economy in the interest of efficiency and equality.
e. write new legislation creating requirements for businesses.
2. Capitalism is best described as a(n)
a. economic system in which the means of production are owned by the state.
b. system that guarantees rights of speech and political
c. system in which the use of property is controlled by majority will.
e. economic system in which production and property are privately owned, with a minimum of government interference.
e. belief in theory but not practically applicable.