Joseph Schumpeter Argued That Entrepreneurs Develop New Products and Technologies

question 18

True/False

Joseph Schumpeter argued that entrepreneurs develop new products and technologies that over time make current products and technologies obsolete, and this process, which he called creative destruction, is good because it stimulates economic activity.

---

Definitions:

Chloride Shift

The movement of chloride ions into red blood cells as hydrogen ions move out to maintain electrochemical equilibrium, especially important in carbon dioxide transport in the blood.

Bicarbonate Ions

An alkaline ion that acts as a pH buffer in blood and other bodily fluids.

Red Blood Cell Membrane

The semi-permeable membrane that encloses the cytoplasm of red blood cells, maintaining its shape and flexibility, and facilitating gas exchange.

Alveolar Pressure

The pressure within the lung alveoli, which changes during different phases of breathing.