Question

Why was friedrich von hayek against government intervention in an economy?

A. It would reduce people's economics freedom
B. It would increase people's political freedom
C. It would raise the price of goods and services
D. It would improve the economy's situation

Answer 1

I believe the answer is: D. It would improve the economy's situation

friedrich von hayek believe that government intervention would only benefit some part of the organizations in a private sectors while reducing the power of the other organization, which tilt the balance of power in the market.

When this happen, people would be discouraged to be involved in opening up new businesses, which would stunt our economic growth.

Answer 2

The answer top the question stated above is letter D. It would improve the economy's situation.

For Friedrich Von Hayek, less government intervention meant more economic freedom. He believed that if people are free to choose, then the economy runs more efficiently.
Thus, it would improve the economy's situation.