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In His 1944 Book,The Road to Serfdom,Friedrich Hayek Argued That

Question 350

Multiple Choice

In his 1944 book,The Road to Serfdom,Friedrich Hayek argued that


A) the market system should not be applauded for satisfying desires that it has itself created.
B) consumers' tastes cannot, in any real sense, be "determined" by advertising.
C) firms use advertising to create demand for products that people otherwise do not want or need.
D) too much advertising would result in "private opulence and public squalor."

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