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.

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Definitions:

Leaders

People who guide or direct a group, organization, or country, showcasing qualities such as vision, courage, and integrity.

Counseling

A professional service providing guidance and support to individuals or groups, aiming to improve mental health and resolve personal, social, or psychological problems.

Couples and Family Counseling

A form of therapy that focuses on improving communication and resolving conflicts within couples or family units.

Relationship Counseling

Professional guidance provided to couples or individuals to resolve conflicts, improve communication, and strengthen their relationship.