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The following are problematic moves by economists in explaining how an economy can work efficiently. (Choose all that apply Believing that a central planner or computer can efficiently manage an economy. ✓ Assuming "perfect information" - I.e., that everyone has the relevant information necessary to make efficient economic decisions. Recognizing that information is dispersed in the minds of everyone in the economy. Using mathematics to model economies.

The following are problematic moves by economists in explaining how an economy can work efficiently. (Choose all that apply Believing that a central planner or computer can efficiently manage an economy. ✓ Assuming "perfect information" - I.e., that everyone has the relevant information necessary to make efficient economic decisions. Recognizing that information is dispersed in the minds of everyone in the economy. Using mathematics to model economies.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 9QR
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The following are problematic moves by economists in explaining how an economy can work efficiently. (Choose all that apply Believing that a central planner or computer can efficiently manage an economy. ✓ Assuming "perfect information" - I.e., that everyone has the relevant information necessary to make efficient economic decisions. Recognizing that information is dispersed in the minds of everyone in the economy. Using mathematics to model economies.
Transcribed Image Text:The following are problematic moves by economists in explaining how an economy can work efficiently. (Choose all that apply Believing that a central planner or computer can efficiently manage an economy. ✓ Assuming "perfect information" - I.e., that everyone has the relevant information necessary to make efficient economic decisions. Recognizing that information is dispersed in the minds of everyone in the economy. Using mathematics to model economies.
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