Certain Fundamental Features of the Austrian School Are How It

question 24

Multiple Choice

Certain fundamental features of the Austrian School are how it considers the market economy as:

• A) an entrepreneur-driven, dynamic process of search and learn
• B) a giant experimental laboratory
• C) a dynamic system, the most central aspect of which is the endless stream of knowledge that individuals generate and distribute through their choices and actions
• D) a system in which each individual possesses crucial information in order to make a rational decision
• E) a system in which price mechanisms control supply and demand
• F) a system which is always seeking, striving for and attaining equilibrium

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