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According to William Easterly, What Is an Advantage of Economic

Question 75

Multiple Choice

According to William Easterly, what is an advantage of economic freedom over centralization? Select all, but only those that apply.


A) Unlike centralization that tries to pick wines and could fail at doing it; a survival of the fittest ensures only successful economic actions will endure.
B) Markets offer continuous feedback on success and failure.
C) Interests cannot become vested as markets allocate resources where they are needed.
D) The scale of free markets can be changed rapidly.
E) Individuals and corporations are more willing to take risks than central planners.

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