Creative destruction:
A) leads to the benefit of all economic agents.
B) is more likely in an economy with extractive institutions.
C) leads to losses of all economic agents.
D) is more likely in an economy with inclusive institutions.
D
Economics
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Which of the following industries is part of a dynamic environment, meaning the market is constantly changing and updating?
a. nurseries b. education c. electronics d. manufacturing
Economics
Suppose exports are greater than imports. Given this information, we know with certainty that
A) a trade surplus exists. B) GNP > GDP. C) GNP < GDP. D) the change in business inventories is positive.
Economics