What is the proper emphasis most economists, including Greg Mankiw, Paul Krugman, and Dan Owens, place on the importance of markets and the government?
Group of answer choices
Economists have reached no conclusions about the relative importance of decentralized markets and government intervention.
We first want to allow people to organize economic activity on their own through decentralized markets, but then must recognize governments can sometimes improve economic outcomes.
We first want governments to improve market outcomes, but then can allow markets to organize economic activity on their own. We first want to allow people to organize economic activity on their own through decentralized markets, but then must recognize governments can sometimes improve economic outcomes.
Relying on markets and on government are equally important to most economists.