Creative destruction benefits an economy because:
A) replacing old technology with new technology increases efficiency.
B) the destroyed equipment must be always be replaced.
C) replacing old equipment lowers the demand for that equipment and restrains inflation.
D) all of the above.
Correct Answer:
Verified
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)
Q32: The concept that new, technologically advanced processes
Q33: A decrease in the demand for cameras
Q35: Creative destruction occurs on an international level
Q36: Which of the following is most likely
Q37: The disappearance of cassette tape recordings is
Q38: In economics, production time frames are determined
Q39: To an economist, the short run refers
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents