In His/her Book the Theory of Economic Development, ________ Argued

question 56

Multiple Choice

In his/her book The Theory of Economic Development, ________ argued that entrepreneurs develop new products and technologies that over time make current products and technologies obsolete. This process is called creative destruction.

• A) Michael Porter
• B) H.H. Stevenson
• C) Joseph Schumpeter
• D) Michael Gerber
• E) Edith Penrose

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Definitions:

Sensitive Period

A time frame in development when the organism is more responsive to certain stimuli or experiences, leading to the formation of specific abilities.

Accommodation

In cognitive psychology, the process by which individuals adjust their mental structures to incorporate new information.

Morphemes

The smallest units of meaning in a language.

Mental Abilities

Cognitive capacities or skills that enable individuals to learn, remember, solve problems, and process information.