All of the Following Are Observations Made by Joseph Schumpeter

question 7

Multiple Choice

All of the following are observations made by Joseph Schumpeter EXCEPT:

• A) entrepreneurs happens naturally as a result of institutions.
• B) entrepreneurs are the bearers (not creators) of economic change and growth.
• C) entrepreneurs help to bring new inventions and innovations to the market.
• D) entrepreneurs are often not the prime movers behind many innovations.

---

Definitions:

Independence Movement

A political and social movement that seeks to gain or has gained full sovereignty and independence for a country or region from another state or empire.

Institution of Slavery

A legal or societal system in which individuals are owned by others, denied freedom, and forced to work without compensation.

Samuel Johnson

An English writer, poet, and lexicographer best known for his dictionary of the English Language published in 1755.

American Independence

The status achieved by the thirteen American colonies, which declared their independence from the British Empire in 1776 with the Declaration of Independence, leading to the American Revolutionary War.