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:

Organisational Mission

A statement that outlines an organization's purpose, goals, and the approach it will take to achieve those goals.

Reason for Existence

The fundamental purpose or mission that justifies an organization’s or entity’s creation and operations.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization, shaping its culture and decisions.

Organisational Behaviour

The study of individuals and groups in organisations.