According to Joseph Schumpeter the theory of creative destruction describes a

According to joseph schumpeter the theory of creative

This preview shows page 3 - 4 out of 4 pages.

64) According to Joseph Schumpeter, the theory of creative destruction describes a process by whichA) some new products unleash a gale of destruction that drive other new products out of themarket.B) the creation of new products never involves the destruction of old products.C) new products unleash a gale of destruction that drives old products out of the market.D) new products are created by the destruction of capital.Answer: C64)Diff: 1Page Ref: 723/349Topic: Creative DestructionLearning Outcome: Macro 17: Discuss the fundamentals of key macroeconomic theoriesAACSB: Reflective Thinking65) The easiest way for a country to obtain access to technology is through65)Diff: 1Page Ref: 723/349Topic: Growth PoliciesLearning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking, Use of Information TechnologyTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.66) The Soviet Unionʹs economic growth rate slowed despite rapid increases in capital per hourworked.66)Answer:TrueFalseDiff: 2Page Ref: 720/346Topic: Per-Worker Production FunctionLearning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking, Multicultural and Diversity67) Technological change allows the economy to produce more output with the same amount ofcapital and labor.67)Answer:TrueFalseDiff: 1Page Ref: 719-720/345-346Topic: Per-Worker Production FunctionLearning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking, Use of Information Technology68) According to new growth theory, firms accumulate the efficient level of both physical andknowledge capital.68)Answer:TrueFalseDiff: 2Page Ref: 722/348Topic: New Growth TheoryLearning Outcome: Macro 17: Discuss the fundamentals of key macroeconomic theoriesAACSB: Reflective Thinking17
Background image
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.
Background image

You've reached the end of your free preview.

Want to read all 4 pages?

  • Three '11
  • various
  • Prime number, AACSB, Page Ref, Erdős–Woods number

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes