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Related Lesson
Hayek on Economics and Knowledge
Knowledge Check
Knowledge Check
Question 1 of 5
When Hayek says that the data of economics are subjective, he means:
a.
The data are completely unpredictable
b.
Individual minds are what hold the data
c.
The data are made up of numbers and statistics
Check Answer
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Great Economists: Classical Economics and Its Forerunners
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