Answered step by step
Verified Expert Solution
Question
1 Approved Answer
According to Milton Friedman in Ch 01 of Free to Choose, all of the following prevent the transmission of information through prices EXCEPT Question 2
According to Milton Friedman in Ch 01 of Free to Choose, all of the following prevent the transmission of information through prices EXCEPT Question 2 options: a) price control, such as government setting the price of oil during the 1970s, distorts the price of goods and therefore disrupts the flow of information. b) government regulations, such as minimum wage laws that set the lowest legal wage, distorts wages and therefore disrupts the flow of information. c) a monopoly, or single seller of a good, can distort the price and therefore disrupts the flow of information. d) prices determined by the demand of and supply of products
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started