Which of the Following Statements Is Consistent with the Views

question 72

Multiple Choice

Which of the following statements is consistent with the views of Joseph Schumpeter?

• A)Research and development by competitive firms is responsible for most technological changes.
• B)An economy benefits from firms having market power because these firms are more likely to be able to commit funds for research and development.
• C)Enforcement of antitrust laws is necessary to promote competition among firms.
• D)A lack of competition discourages firms from developing new technologies.

---

Definitions:

Constantine

Constantine refers to a historical figure, Constantine the Great, a Roman Emperor who ruled between 306 and 337 AD, known for being the first Roman emperor to convert to Christianity and for founding the city of Constantinople.

Garden Fresco

Artistic wall painting technique found in ancient Roman gardens, depicting naturalistic landscapes or garden scenes.

Villa of Livia

An ancient Roman villa said to belong to Livia Drusilla, wife of Emperor Augustus, known for its well-preserved frescoes depicting garden landscapes.

House of the Vetii

An ancient Roman house located in Pompeii, famous for its opulent decorations and the insight it provides into domestic life before the eruption of Mt. Vesuvius in 79 AD.