According to Joseph Schumpeter, economic growth is achieved through
A) a process termed "creative destruction."
B) removing the entrepreneur from the production function.
C) centralizing economic production.
D) focusing only on making old products better rather than inventing new ones.
A
Economics
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What will be an ideal response?
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The effect of an export tariff on a large country is to ________ the terms of trade
A) always improve B) sometimes improve C) leave unchanged D) sometimes worsen E) always worsen
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