There are several reasons why group problem-solving and decision making is more likely to produce the correct answer than in an individual setting.
One reason is that groups who act in a cooperative manner tend to do better than individuals, who are in a more competitive atmosphere. Group interaction facilitates collaboration, fresh ideas, and improved solutions.
Another reason why groups tend to do better is that a group has a better collective memory than one person does.
Lastly, a group working together can draw upon each other's strengths and talents, making the group more well-rounded and resource rich.
Hayek believed the economy too complicated to think in terms of aggregates. This is the foundation of monetarism theory. He believed that people are unpredictable in their choices. Consequently, expansionary policy was potent because it could potentially lead to inflation and affect individual choices.
They made the majority of their money through agriculture.
Answer:
Territories obtained in the Mexican American War of 1848 caused further sectional strife over the expansion of slavery in the ante bellum period. ... The ideological seeds of the American Civil War, in turn, were sown during that conflict.
Explanation:
