Aguilar millan Study guides, Class notes & Summaries

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BCOR 1015 Midterm Review Questions & Answers Already Passed!!
  • BCOR 1015 Midterm Review Questions & Answers Already Passed!!

  • Exam (elaborations) • 10 pages • 2024
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  • Hayek's argument - Answer-He asserts that a centrally planned economy could never match the efficiency of the open market because what is known by a single agent is only a small fraction of the sum total of knowledge held by all members of society. A decentralized economy thus complements the dispersed nature of information spread throughout society. 3 main point of Hayek - Answer-Information is needed for rational economic order Information is decentralized dispersed knowledge Price me...
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BCOR 1015 Midterm Exam Review with Complete Solutions
  • BCOR 1015 Midterm Exam Review with Complete Solutions

  • Exam (elaborations) • 7 pages • 2023
  • Available in package deal
  • Hayek's argument - ANSWER-He asserts that a centrally planned economy could never match the efficiency of the open market because what is known by a single agent is only a small fraction of the sum total of knowledge held by all members of society. A decentralized economy thus complements the dispersed nature of information spread throughout society. 3 main point of Hayek - ANSWER-Information is needed for rational economic order Information is decentralized dispersed knowledge Price m...
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BCOR 1015 Midterm Exam Questions and Answers Graded A+
  • BCOR 1015 Midterm Exam Questions and Answers Graded A+

  • Exam (elaborations) • 4 pages • 2023
  • Available in package deal
  • Hayek's argument - ANSWER-He asserts that a centrally planned economy could never match the efficiency of the open market because what is known by a single agent is only a small fraction of the sum total of knowledge held by all members of society. A decentralized economy thus complements the dispersed nature of information spread throughout society. 3 main point of Hayek - ANSWER-Information is needed for rational economic order Information is decentralized dispersed knowledge Price m...
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