Which Economist Created the Theory of Creative Destruction

question 24

Multiple Choice

Which economist created the theory of creative destruction?

• A)William Nordhaus
• B)Joseph Schumpeter
• C)Adam Smith
• D)Milton Friedman

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Definitions:

Ileocecal Sphincter

A valve situated at the junction of the ileum (last part of the small intestine) and the cecum (first part of the large intestine) that controls the flow of digested material.

Lower Esophageal Sphincter

A muscular ring that controls the flow between the esophagus and stomach, preventing reflux.

Anal Sphincter

A muscle that surrounds the anus and controls the release of feces from the digestive tract.

Lesser Omentum

A double layer of peritoneum that extends from the liver to the lesser curvature of the stomach and the beginning of the duodenum.