Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?

Related Mcqs:

1. Governmental non-interference in commerce is called ?

   A. Free market economy
   B. Laissez faire also Laisser faire
   C. Open market economy
   D. Liberal market economy

2. Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?

   A. Financial assistance given by one person or government to another
   B. Financial assistance given to poor people
   C. Financial assistance given to aged people
   D. Financial assistance given to small companies

3. Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?

   A. Yujiro Hayami
   B. Raanan Weitz
   C. Hans Singer
   D. Tim Dyson

4. Term the enterprise or organization which is managed by those who use its facilities or services ?

   A. Limited company
   B. Society
   C. Corporation
   D. Cooperative

5. The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of ?

   A. industry equilibrium analysis
   B. specific equilibrium analysis
   C. partial equilibrium analysis
   D. general equilibrium analysis

6. The normal rate of profit for relatively risk-free firms will be _________ the interest rate on risk-free government bonds?

   A. approximately one-half
   B. smaller than
   C. larger than
   D. approximately equal to

7. A share or an interest in an enterprise, especially a financial share, is called ?

   A. Share holding
   B. Stake
   C. Partnership
   D. None of these

8. Which type of income is earned only the actor of production enterprise ?

   A. interest
   B. Profit
   C. rent
   D. wages

9. What is called the rules of laws which governs the internal affairs of an organization ?

   A. Corporate Laws
   B. Secondary Laws
   C. By laws
   D. Internal Laws

10. Shortly after 1979 World Bank introduced loans that emphasized reforms in trade, agriculture industry public enterprise financial energy education or other sectors and were known as ?

    A. Structural adjustment loans
    B. sectoral adjustment loans
    C. internal adjustment loans
    D. external leverage loans