Creative Destruction Refers to

question 287

Multiple Choice

Creative destruction refers to

• A) the destruction of the government system which limits economic growth.
• B) the movement from an agricultural society to a service economy.
• C) the mechanism for establishing property rights.
• D) the creation of new jobs and economic growth after destroying old jobs.

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Definitions:

Measures of Dispersion

Statistical indicators that describe the spread or variability of a data set.

Mode

The value that appears most frequently in a given set of data.

Range

The difference between the highest and lowest values in a dataset, providing a measure of data dispersion.

Variance

A statistical measure that quantifies the spread or dispersion of a set of data points around their mean value.