Schumpeter's theory of creative destruction suggests that
A) less productive industries will be driven out of business by freer trade.
B) workers in more productive, lower-cost industries will become structurally unemployed.
C) robots will force all creative people to leave the country.
D) business cycles will be eliminated.
E) workers in less productive industries will be frictionally unemployed.
Correct Answer:
Verified
Q66: Wine producers in the province of Ontario
Q67: Which organization is not connected with globalization
Q68: A Canadian import quota on automobiles produced
Q69: Gains from trade arise from differences in
A)
Q70: In a zero-sum game, one person's gain
Q72: Measured as a percentage of GDP, trade
Q73: 80 percent of Canada's international trade is
Q74: 60 percent of Canada's international trade is
Q75: Specialization and trade makes us dependent on
Q76: Measured as a percentage of GDP, trade
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