Author Question: In political economy, the term laissez-faire means that the federal government's involvement in the ... (Read 92 times)

tatyanajohnson · **on:** Jul 8, 2018

In political economy, the term laissez-faire means that the federal government's involvement in the economy

a. traditionally was not limited at all, but due to the process of privatization has become more limited.
b. involves the establishment of a national plan identifying desirable priorities for economic and social development.
c. is limited to macroeconomic policy-making.
d. is limited to regulating interstate commerce and commerce with foreign nations.
e. is significant due to its policy of nationalization, whereby the state assumes ownership and operation of private companies.

Question 2

An examination of a mayor's formal or structural powers can be used to

a. determine whether that office is categorized as a strong or weak one.
b. determine the type of person who will be selected for the office.
c. determine how successful the incumbent will be in getting policies accepted by the council.
d. predict how often the economic elite will succeed in influencing policymaking.