Recall the Application about Austrian economist Henry Hazlitt and the Broken Window Fallacy to answer the following question(s) . Hazlitt questioned whether a hoodlum breaking a store window was actually good for society.
-According to this Application, the argument that the broken window is good for society only works
A) if the economy is operating below full employment where resources are underemployed.
B) if the economy is operating at full employment where resources are fully employed.
C) if the economy is operating above full employment where too few resources ae available.
D) in theory, but never in reality.
Correct Answer:
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