Question

Which statement represents a central idea of
laissez-faire economics?
(1) Class struggles are based on inequities.
(2) Workers should form unions to better their
conditions.
(3) Prices are best determined by supply and
demand.
(4) The government should own all means of
production.

Answer 1

"(3) Prices are best determined by supply and demand" is a statement that represents a central idea of laissez-faire economics, with little government regulation.