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- How can we become a Circular Economy?Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure?Why the government should not be included in circular flow model and whether you think the government should be included or not?
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- Give examples of industries that need to get involved in the circular economy ?what can the government do to provide awareness and knowledge about people who are not literate in economics or don't have background on it?Economist Friedrich Hayek argued that when knowledge is decentralized and disbursed among many people: a. the greatr the share of knowledge the heads of firms and government can and must know to be successful b. the smaller the share of knowledge the heads of firms and government can know to be successful c. the greater the need for centralized, top-down planning within large firms and goverments d. the greater the need for firms and governments to avoid markets.