Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Economist friedrich hayek argued that when knowledge is decentralized and dispursed among many people a. the greater the share of knowledge the heads of firms

Economist friedrich hayek argued that when knowledge is decentralized and dispursed among many people

a. the greater the share of knowledge the heads of firms and governments can and must know to be successful.

B. the smaller the share of knowledge the heads of firms and governments can know to be successful

C. the greater the need for centralized, top-down planning within large firms and governments

D. the greater the need for firms and governments to avoid markets.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Agricultural Economics

Authors: Evan Drummond, John Goodwin

3rd edition

136071929, 978-0136071921

More Books

Students also viewed these Economics questions

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago