Austrian School of economics test - Statistics

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General Stats

This quiz has been taken 142 times
48 since last reset
The average score is 9 of 16

Answer Stats

Question	Answer	% Correct
The minimum wage	Increases poverty	78%
The value of a product is determined by	The subjective valuation of the market	78%
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	74%
The Austrian school relies on two principles:	Subjetivism and methodological individualism	70%
Why terms like "aggregate demand" are way less relevant to the Austrian School's Methodology	They can't relate to the actions of individuals	70%
Who is not austrian author	Alan Greenspan	65%
The great depression was devastating because	Hoover and Roosevelt overregulated the market	61%
A recession for the Austrian school is considered as	The beginning of the healing of the market	57%
"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	48%
The human action is, according to Mises,	Will put into operation	48%
Entrepreneurship is defined as	Innate ability of human beings to discover profit opportunities in their environment	43%
Why a controlled interest rate at 0% is so dangerous?	All the rest	39%
According to Carl Menger, how an asset becomes money in a free society?	Relatively stable real value	39%
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	39%
The first Austrian economists based their contribution mainly from	The Spanish scholastics	30%
A sudden high demand on a product leads to	The detrimental of employment for companies furthest away from this product	17%

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