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:
Verified
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A) the
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Q153: Which of the following statements about technology
Q155: Over the short run, total cost:
A) is
Q156: If a firm incurs a cost of
Q157: Total fixed cost for this firm is:
A)
Q158: Q159: ![]()
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