Question: Why could Austrians be puzzled by the fact that Bitcoin has value? a. It seems inconsistent with praxeology b. The regression theorem does not seem

Why could Austrians be puzzled by the fact that Bitcoin has value?
a. It seems inconsistent with praxeology
b. The regression theorem does not seem to hold
c. Bitcoin is not accepted in tax payments
d. The underlying technology (Blockchain) is largely untested

Step by Step Solution

★★★★★

3.35 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer is D The most likely reason why Austrians might be puzzled by the ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Determine the force in member GJ of the truss and state if this member is in tension or compression. Units Used: kip = 103 lb Given: F1 = 1000 lb F2 = 1000 lb F3 = 1000 lb F4 = 1000 lb a = 10 ft =...

From your experience, describe an example or create a scenario from your industry where there has been a joint venture or when business networking contacts have been used to add skills to a business...

Research Triangle Software Innovations (a GVV case) Research Triangle Software Innovations is a software solutions company specializing in enterprise resource planning (ERP) business management...

Verify that the system 1 1 0 0 0 1 1 1 1 x+ 0 0 u, y = [010] x, 1 0 is right invertible. Find an initial condition, x(0), and a control input, u(t), which together produce an output y(t) = a coswt,...

The intangibility element of a service refers to the fact that it has value that can only be determined by using subjective criteria. can't be held, seen, or touched before the purchase decision. requ

Purposes of cost allocation. Sarah Reynolds recently started a job as an administrative assistant in the cost accounting department of Mize Manufacturing. New to the area of cost accounting, Sarah is...

Assume that you recently graduated with a major in finance and just landed a job in the trust department of a large regional bank. Your first assignment is to invest $100,000 from an estate for which...

Assume that you recently graduated with a major in finance. You just landed a job as a financial planner with Merrill Finch Inc., a large financial services corporation. Your first assignment is to...

a. What was Chem-Med's rate of sales growth in 2014? What is it forecasted to be in 2015, 2016, and 2017? b. What is the company's rate of net income growth in 2015, 2016, and 2017? Is projected net...

a. 1. Why is the T-bills return independent of the state of the economy? Do T-bills promise a completely risk-free return? Explain. 2. Why are High Techs returns expected to move with the economy,...

For more information about a cyberattack on Hillsburgs ONHAND system and other background information please refer to the Appendix and Question 8-35. Below is a conversation between the audit...

The following table lists the ages at the time of death for the 38 deceased American presidents from George Washington to Ronald Reagan: a. Construct a stem and leaf plot for the data. Describe the...

Consider a reservoir with a volume of 8 billion ft and an initial pollution concentration of 0.25%. There is a daily inflow of 500 million ft3 with a pollution concentration of 0.05% and an equal...

Which service helps you audit API activity across your AWS infrastructure? Question 10Answer a. AWS Config b. AWS CloudTrail c. Amazon GuardDuty d. AWS Trusted Advisor

What exactly is an information system? How does it work? What are its management, organization, and technology components? Define an information system and describe the activities it performs. List...

How do information systems help businesses compete globally? a. Describe how globalization has increased opportunities for businesses. b. List and describe the four main ways of organizing a business...

How do information systems help businesses use synergies, core competences, and network-based strategies to achieve competitive advantage? 1. Explain how information systems promote synergies and...

Crawford Labs has increased its profitability dramatically by using models to allocate its sales force among the company's major drugs. To guide that effort, a nonlinear sales-response curve is...

Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income...

All of the following determine if a piece of art is 2D or 3D EXCEPT A. the colors in the art B. how the art will be used C. the materials available to make art D. where the art will be placed when...

Pfarrer, M.D., & Smith, K.G. 2005. Creative destruction. In M. Hitt & D. Ireland (Eds.), The Blackwell Encyclopedia of Management. Entrepreneurship: 50-52. London: Blackwell. Creative Destruction,...

The two dominant schools of economic thought in academia today are the Keynesians and the Austrians. Predictably, the two schools agree on almost nothing and so there is a clear dialectic split...

The Austrian consulate claims that Austrians travel an average of more than 33.6 miles for vacation. Data was collected from a random sample of 37 Austrians. When the sample of Austrians were asked...

Due to the social democratic nature of Austrian culture, employees are much less motivated by financial incentives than in more capitalist countries such as the United States. As such, alternative...

What would the Austrian school say about MMT that you discussed in the previous question. Explain whether Austrian economists would support government efforts to pursue policies consistent with MMT -...

1. What were the major cultural and institutional forces which Flextronics had to take into account in this situation? 2. What was the implicit underlying assumption about how HRM should be done best...