Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 19, Problem 2QP
To determine
Explain Buchanan’s statement.
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What did mercantilism see as the economic goal for society? Why was poverty seen as essential?
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To what extent should government influence the economy of a democracy such as the United States?
Economist Friedrich Hayek argued that when knowledge is decentralized and disbursed among many people.
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