Question

when economists use the term \laissez - faire,\ what economic idea are they referring to?
a. government plays an important role in regulating the economy.
b. individuals are inefficient at making sound economic decisions.
c. government should not interfere with business practices.
d. individuals cannot independently run large corporations.

Explanation:

The term "laissez - faire" in economics refers to a policy where the government should have minimal or no interference in economic activities. Option A says the government plays an important role in regulating the economy, which is the opposite of laissez - faire. Option B is about individuals' efficiency in making economic decisions, which is not related to the concept of laissez - faire. Option D is about individuals running large corporations, which is not related to the government's role in the economy as per the laissez - faire concept. Option C states that the government should not interfere with business practices, which aligns with the laissez - faire economic idea.

Answer:

C. Government should not interfere with business practices