The concept that new, technologically advanced processes and machinery cause the disuse and ultimate disappearance of old processes and machinery is called:
A) industrial unrest.
B) capital switching.
C) creative destruction.
D) capital-intensive production.
Correct Answer:
Verified
Q27: Technology is best defined as:
A) all production
Q28: Technology:
A) is a net benefit maximizing rule.
B)
Q29: The relationship between production and technology is
Q30: Which of the following statements about technology
Q31: Which of the following statements is FALSE?
A)
Q33: A decrease in the demand for cameras
Q34: Creative destruction benefits an economy because:
A) replacing
Q35: Creative destruction occurs on an international level
Q36: Which of the following is most likely
Q37: The disappearance of cassette tape recordings is
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