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10 April, 20:19

Which of the following was an effect of the government's laissez-faire policy during the Gilded Age?

A. fixed prices

B. flexible prices

C. flexible wages

D. few raw materials

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Answers (2)
  1. 10 April, 22:59
    0
    The correct answer is B) Flexible Prices

    Explanation:

    Laissez-faire is a french word which literally means 'allow to do'. When used in government policy, it basically means to leave something of it's own accord.

    The idea being that not everything requires the interference of the government. Some things are sorted out better if they go through a natural cycle.

    During the Gilded Age, the government policy was for the market forces to work on their own. The government did not want to set up fixed prices and would rather want the prices to be determined through supply and demand.
  2. 10 April, 23:15
    0
    The answer is not B or C on edge i got them both wrong good luck
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