Creative Destruction ________

question 84

Multiple Choice

Creative destruction ________.

• A) is beneficial for all economic agents
• B) is detrimental to all economic agents
• C) is more likely in an economy with inclusive institutions
• D) is more likely in an economy with extractive institutions

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Definitions:

Perceived Benefits

The personal or subjective advantages that an individual believes they will gain from engaging in a certain behavior or action, influencing their decision-making process.

Stage Theories

Psychological theories that describe human development and behavior as occurring in distinct stages, each with its own characteristics.

Continuum Theories

Theories suggesting that certain phenomena, such as health behaviors, exist along a continuous scale rather than being distinct or binary.

Response Efficacy

The extent to which a behavior, action, or intervention is successful in achieving the desired outcome in a given context.