Creative destruction includes all of the following except
(a) The rise of the automobile industry at the expense of the carriage industry
(b) The rise of the computer industry at the expense of the typewriter industry
(c) The destruction of all capital during economic busts
(d) There is no except; all of the above are examples of creative destruction
(c)
Economics
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Neither intermediate goods nor used goods are included in GDP. Explain why these expenditures are not included in GDP
What will be an ideal response?
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Which of the following have their profits taxed twice?
a. sole proprietorships b. partnerships c. corporations d. nonprofit institutions e. S-corporations
Economics