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fiasKO [112]
3 years ago
13

Consider this quote by Thomas Sowell: ""Prices are important not because money is considered paramount but because prices are a

fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated."" Would Hayek agree with Sowell? Explain carefully and fully.
Social Studies
1 answer:
White raven [17]3 years ago
3 0

Answer:

Yes, Hayek will agree with Sowell.

Explanation: Hayek is a firm believer in the fact that no one person has all the information needed to solve economic or issues affecting a complex economy.

Hayek in one of his papers stated that the information needed to operate a complex economy should be based on the views of individuals making up the economy,according to Hayek, information should be decentralized others should also have their own views on economic issues.

With this view expressed by Hayek, he will certainly agree with Sowell as it is based on his own findings and believe.

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Nondemocratic regimes are best defined as political systems in which Group of answer choices a small group of individuals exerci
prohojiy [21]

Answer:

a small group of individuals exercises power over the state without being constitutionally responsible to the public.

Explanation:

Nondemocratic regime is a political regime that doesn't follow the principles of democracy which is based on equality in law and government. This type of political regime is run by a group of people who are not constitutionally elected by the citizens, hence they are not accountable to the public. Citizens in this government are not allowed to criticize the government. This system of government are most times authoritarian in nature.

Examples of non- democratic regimes are technocracy, monarchy, theocracy and oligarchy.

7 0
3 years ago
Factoring in everything we currently know about the history of the universe, our best estimate for the age of the universe is.
photoshop1234 [79]

Our best estimate for the age of the universe is based on what we currently know about the universe's history is 13.772 billion years.

<h3>How to calculate the age of the universe?</h3>

There are two methods by which the scientists calculate the age of the universe:

By searching for the oldest stars

By calculating the rate of expansion of the universe and generalizing back to the Big Bang Theory.

Thus, Our best estimate for the age of the universe is 13.772 billion years.

Learn more about the age of the universe

brainly.com/question/14454625

#SPJ4

3 0
1 year ago
Use the drop down menus to complete the sentence during the month of ramadan muslims take a part in blank which is one of the fi
Usimov [2.4K]

During the month of Ramadan, Muslims take a part in:

_C. Eid-al Fitr__ .

This religious holiday marks the end of Ramadan.

The Five Pilkars of Islam are:

1. Shahada: Faith in God

2. Salah: Prayer

3. Zakat: Charity

4. Sawm: Fasting

5. Hajj: Visiting the holy city of Mecca

8 0
3 years ago
government and the wealthy benefit from the existence of the poor and this is the main reason why poverty continues to exist bri
seropon [69]

Answer:

Poverty and wealth are often found side by side. They are two dimensions in our world that are interrelated because they affect each other and influence both the willingness and capacity of states to ensure a stable global system. Traditional approaches to IR are premised on the notion of state sovereignty. But, sovereignty as an absolute concept that reinforces separation between states has been tempered through the many processes of globalisation, including economic agreements and the establishment of international organisations, as well as with the emergence of human rights thinking as captured through the Universal Declaration of Human Rights. With respect to the emergence of human rights thinking, the premise goes that in the context of a common set of universal rights based on the individual, the sovereignty of the state can be challenged if a government does not respect or maintain these rights. Here, sovereignty means that a state does not only maintain rights, it also meets its responsibilities. Poor people are cheated out of their savings and the rich flaunt their money like it's honest and hard worked generated money.

6 0
2 years ago
Much of the catastrophic damage done by hurricane katrina was caused by a storm surge arriving near high tide. True or False
damaskus [11]

Answer:

True

Explanation:

Much of the catastrophic damage done by hurricane katrina was caused by a storm surge arriving near high tide

8 0
3 years ago
Read 2 more answers
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