Which of the following statements is true of creative destruction?
A) Creative destruction is encouraged in economies with extractive institutions.
B) Creative destruction is a phenomenon that was mostly prevalent before the year 1800.
C) Creative destruction is generally bad for an economy.
D) Creative destruction creates losses for some economic agents and benefits for others.
D
Economics
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The government program that provides aid to families in need is
A) TANF. B) Social Security program. C) Supplemental Security Income program. D) Earned Income Tax Credit.
Economics
To raise the most tax revenue, governments should tax which of the following goods?
A. SUVs B. gasoline C. designer shoes D. sofas
Economics