528
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 528 • Career Explorations A

Hayek believed that the economy could be hard to measure because

Answer
A
individuals have the power to make decisions and are unpredictable.
B
individuals have the power to make decisions and are predictable.
C
government has the power to make decisions and is unpredictable.
D
government has the power to make decisions and is predictable.

Explanation

Hayek argued that economic knowledge is dispersed among individuals, who make their own choices based on changing circumstances. Because people’s decisions are difficult to predict, the economy can be hard to measure and plan centrally. So the correct choice is A, individuals have the power to make decisions and are unpredictable.

AI-written and checked against the verified answer.

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