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Creative Destruction Refers to The

Question 154

Multiple Choice

Creative destruction refers to the:


A) loss of trees and countryside due to mining.
B) pollution of the environment that results from the production of different types of goods.
C) opportunity cost that results when materials that go into one good cannot be used in other goods.
D) disappearance of less efficient resources and processes as more efficient resources and processes are introduced.

Correct Answer:

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