First you need to watch this video:
Suppose you learned that the cost data provided to you from the factory directors were fabricated
How would this falsified information impact your decision making?
How would it impact the approach
taken in PART II and PART III of this assignment?
(part II and part III are in the documents I uploaded from part 2 till part 2.5)
How would Hayek approach this situation?
Extrapolate Hayek’s thinking to discuss how Canada’s oil industry and health care sector would respond
to a negative demand shock? How would they respond similarly? How would be respond differently?
Need to be clear and concise.
How would this falsified information impact your decision making?
