Which of the Following Statements Is True of Creative Destruction

question 23

Multiple Choice

Which of the following statements is true of creative destruction?

• A) Creative destruction is generally bad for an economy.
• B) Creative destruction is encouraged in economies with extractive institutions.
• C) Creative destruction creates losses for some economic agents and benefits for others.
• D) Creative destruction is a phenomenon that was prevalent before 1800.

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Definitions:

Genetics

The branch of biology concerned with the study of genes, genetic variation, and heredity in living organisms.

Calcium

A chemical element essential for living organisms, particularly in cell physiology, where it signals for many cellular processes.

Bone Loss

The reduction in bone density and mass, often associated with conditions such as osteoporosis or with aging.

Estrogen

A group of steroid hormones that promote the development and maintenance of female characteristics of the body.