Which of the following is an example of a government's laissez-faire approach to business and the economy? During a strike, the government sends negotiators to work out a deal between the company and its workers. The government brings a court case against a telecommunications company that has a monopoly in the state of Colorado. Congress votes down a law providing a loan to a failing car manufacturer.

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Rosemary Montoya

25 June, 14:41

Which of the following is an example of a government's laissez-faire approach to business and the economy? During a strike, the government sends negotiators to work out a deal between the company and its workers. The government brings a court case against a telecommunications company that has a monopoly in the state of Colorado. Congress votes down a law providing a loan to a failing car manufacturer.

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BatMan · Answer 1

The answer is: Congress votes down a law providing a loan to a failing car manufacturer.

laissez-faire approach referst to government approach to leave the private sector alone and let the market direct the growth of the economy.

To follow this approach, Government must not give any form of incentives to any of the competitors in the market.