The Main Argument of Joseph Schumpeter's Idea of "Creative Destruction

question 62

Multiple Choice

The main argument of Joseph Schumpeter's idea of "creative destruction" is that

• A)the existence of monopolies leads to destruction of the environment.
• B)short-run profits created by the existence of monopolies will lead to antitrust legislation,which will force the fragmentation of monopolies into competitive industries.
• C)perfectly competitive industries are characterized by more productive innovation and productivity growth than monopolistic industries,which Schumpeter regarded as destructive.
• D)monopoly profits lead to innovation in an effort to sustain those profits.
• E)monopolies create profits for themselves at the expense of the destruction of consumer surplus.

Learn the principles of effective leadership communication and delegation.

Understand the basics of Mendelian genetics including dominant and recessive traits.

Comprehend the concepts of pleiotropy and how single genes can affect multiple traits.

Grasp the fundamentals of genetic disorders and their inheritance patterns.

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Definitions:

Paying For Performance

A compensation strategy that rewards employees based on their job performance, often with bonuses or other incentives.

Good Performance

The act of achieving or exceeding the set standards of tasks or goals in a workplace or educational setting.

Performance Measures

Quantitative or qualitative indicators used to evaluate and track the efficiency, productivity, or success of an individual, team, or organization's outputs.

Deficient

Lacking in some necessary quality or element; insufficient or inadequate.