Question: Which of the following is NOT mentioned by von Mises as an institutional prerequisite for economic calculation: a. An indirect medium of exchange-money b. Private
Which of the following is NOT mentioned by von Mises as an institutional prerequisite for economic calculation:
a. An indirect medium of exchange-money
b. Private ownership of the means of production
c. Market exchange for producer and consumer goods
d. The existence of a central bank
Step by Step Solution
3.47 Rating (160 Votes )
There are 3 Steps involved in it
d The existence of a central bank Explanation In his essay Economic Calculation in the ... View full answer
Get step-by-step solutions from verified subject matter experts
