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MMLU-Pro / 7142 / Why did theinstitutionalistsof the early twentieth century reject laissez-faire?

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Why did theinstitutionalistsof the early twentieth century reject laissez-faire?

category

economics

options

  1. They held the view that government intervention would reduce economic freedom.
  2. They were convinced that laissez-faire would ensure equitable wealth distribution.
  3. They were disturbed by the wide spread poverty and the fluctuations of the business cycle.
  4. They thought laissez-faire would lead to more efficient and ethical business practices.
  5. They favored the principles of socialism.
  6. They believed in the laws of supply and demand.
  7. They were satisfied with the state of the economy.
  8. They believed laissez-faire policies would prevent economic crises.
  9. They felt that laissez-faire would naturally eliminate corruption and monopolies.
  10. They were proponents of complete government control over the economy.

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7142
task_id
3f5435b7-c625-5df3-b8ca-5c2f62b87c92
task_key
default--test--7142
task_revision_id
1
config / split
default / test

Official source

initial import