10
lesson pretestMultiple Choice

Pretest

Question 10 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Friedrich Hayek believed that

Answer
A
behaviors could be easily predicted.
B
the economy is too complicated to apply aggregates.
C
individuals could not influence the economy.
D
the economy is simply explained through behaviors.

Explanation

Hayek argued that economic outcomes arise from many individuals making decisions with limited knowledge, so the economy is too complex to understand fully through broad aggregates alone. He favored studying how individual choices and interactions produce larger patterns. Therefore, the correct choice is “the economy is too complicated to apply aggregates.”

AI-written and checked against the verified answer.