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Schumpeter's Theory of Creative Destruction Suggests That

Question 71

Multiple Choice

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.

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