Categorize the actions according to whether Hayek would be likely to agree or disagree with them

Advanced Placement (AP)

1 answer:

andrew11 [14]3 years ago

7 0

Answer:

<h3>Economist Friedrich August Hayek propagated and believed in free market private investment. </h3>

Explanation:

Economist Friedrich August Hayek <u>propagated and believed in free market and private investment. </u>His economic model revolved around private entrepreneurship and capitalism.

Hayek advocated <u>against government intervention</u>. Therefore, he would most likely agree to private investment and private enhancement and disagree to governmental initiatives or interventions.

Agree: eliminate the minimum wage, decrease overall taxes, reduce import taxes on goods imported into the U.S. from japan, let prices naturally increase as resources become scarce.

Disagree: Increase government spending during economic turndowns to improve the economy, increase the money supply, pass a law requiring stricter emission standards for all cars, limit the price of gasoline, government creates jobs to employ the unemployed, government pays for all levels of education for every citizen.

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