A Central Linchpin in the Austrian School Is That It

question 17

Multiple Choice

A central linchpin in the Austrian School is that it views the economic sciences primarily as a theory of:

• A) the invisible hand's allocation of resources
• B) human decisions/decision-making
• C) human actions
• D) the manner in which production function handles various choices
• E) supply, demand and price mechanisms

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Definitions:

Cellular Respiration

The process by which cells convert glucose and oxygen into energy, carbon dioxide, and water.

Electron Transport System

a series of complexes that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons across a membrane.

Photosynthesis

The process by which green plants and certain other organisms transform light energy into chemical energy, using carbon dioxide and water to produce glucose and oxygen.

Cellular Respiration

A biochemical process in living organisms where glucose is broken down in the presence of oxygen to produce carbon dioxide, water, and energy in the form of ATP.