The term "creative destruction" refers to
A) the process by which immigrants build a new life in their country of destination.
B) the process by which new jobs are created and old ones destroyed.
C) the effects of population growth on the environment.
D) All of the above are correct.
B
Economics
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For a normal good, a decrease in demand is caused by
A) a rise in income. B) a fall in income. C) a rise in price. D) a fall in price.
Economics
"Full employment" is said to exist when the unemployment rate equals
A) zero. B) the cyclical unemployment rate. C) the structural unemployment rate. D) the natural unemployment rate.
Economics