Statistics for Austrian School of economics test

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General Stats

This quiz has been taken 104 times
(10 since last reset)
The average score is 7 of 16

Answer Stats

Question	Answer	% Correct
Why terms like "aggregate demand" are way less relevant to the Austrian School's Methodology	They can't relate to the actions of individuals	88%
The Austrian school relies on two principles:	Subjetivism and methodological individualism	75%
The great depression was devastating because	Hoover and Roosevelt overregulated the market	63%
The human action is, according to Mises,	Will put into operation	63%
The minimum wage	Increases poverty	50%
"Thanks" to a bank loan in our modern central bank system, a company invested in nuclear fusion, it is expected to take 20 years to complete. What will tend to happen after few years?	Many employees will abandon the project encouraged by better salaries in other energy companies	50%
According to Carl Menger, how an asset becomes money in a free society?	Relatively stable real value	50%
The value of a product is determined by	The subjective valuation of the market	50%
How has the state become that big	After decades of propaganda, the government convinced the citizens of the need for supposed guarantees such as education and pensions	38%
Who is not austrian author	Alan Greenspan	38%
Why a controlled interest rate at 0% is so dangerous?	All the rest	38%
A recession for the Austrian school is considered as	The beginning of the healing of the market	38%
A sudden high demand on a product leads to	The detrimental of employment for companies furthest away from this product	38%
What is the main indicator an entrepreneur use to decide to initiate a project in a free-currency society?	The profit is higher than the interest rate	25%
The first Austrian economists based their contribution mainly from	The Spanish scholastics	25%
Entrepreneurship is defined as	Innate ability of human beings to discover profit opportunities in their environment	13%

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