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.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
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Problem 17RQ: Is the economic model of decision-making intended as a literal description of how individuals,...
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Am. 130.

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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