The term laissez-faire refers to an economic doctrine that was popular in the eighteenth and nineteenth centuries. The French term literally means
a. remove the government.
b. the government is the father.
c. tax cut.
d. leave us alone.
e. life is a circus.
Question 2
Which of the following is NOT a purpose of the federal budget?
a. It creates a comprehensive plan laying out what the government will spend.
b. It sets limits on the profitability of key industries and service companies.
c. It limits spending for various programs.
d. It details how the government expects to raise money.
e. It is the primary instrument by which the federal government manages fiscal policy.
Herbert Spencer (1820–1903), sometimes called the second founder of sociology, coined the term ...
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