As New Products Are Introduced, That Are Better Than Their

question 64

Multiple Choice

As new products are introduced, that are better than their existing generation of products, sales normally increase, because the new products provide consumers increased value or worth. This process, which is called ________, stimulates economic activity, which is a good thing for the economy.

• A) creative destruction
• B) repetitive destruction
• C) iterative replacement
• D) inventive replacement
• E) iterative destruction

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Definitions:

Insulin

Insulin is a hormone produced by the pancreas that regulates blood sugar levels by facilitating the uptake of glucose by cells.

ADH

Antidiuretic Hormone (ADH) is a peptide hormone that regulates the amount of water absorbed by the kidneys to maintain bodily fluid balance.

Ovary

A female reproductive organ in which ova (eggs) are produced, along with the hormones estrogen and progesterone.

Glucagon

An agent generated by the pancreas, responsible for elevating glucose concentrations in blood by facilitating the conversion of glycogen into glucose within the liver.