What economic belief is part of the so-called 'American creed'?

The correct answer is rooted in the foundational economic principles that are often associated with the 'American creed.' Laissez-faire economics emphasizes minimal government intervention in the market, allowing individuals and businesses the freedom to operate and make economic decisions with limited regulatory oversight. This belief aligns with the broader themes of individualism and capitalism that characterize the American economic philosophy.

In the context of American history, laissez-faire principles underscore the value placed on personal initiative, entrepreneurship, and market-driven outcomes, which are seen as essential to fostering innovation and economic growth. This approach encourages competition and voluntary trade, promoting the idea that the economy functions best when left to the dynamics of supply and demand, rather than being managed or controlled by the state.

Other economic beliefs such as state control of resources, central planning, or regulated markets signify varying degrees of government involvement in economic affairs. These alternatives contrast sharply with the laissez-faire approach and typically emphasize more control or intervention, which is less aligned with the core values of the 'American creed' as it pertains to economic freedom and responsibility.