Multiple Choice
Schumpeter stated that "the carrying out of new combinations" is the trademark of innovation. He detailed this by placing new developments - innovation - in five categories. Which three DO NOT belong here?
A) new goods, new qualities
B) new markets
C) new methods
D) new meeting places
E) new forms of organization
F) new tax laws
G) new support systems
H) new sources of raw materials
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Say and Cantillon launched the notion of
Q8: In Chapter 1, economic thinking is discussed
Q9: An essential feature of the Austrian School
Q10: According to Jean-Baptiste Say, the entrepreneur's task
Q11: Determinism implies that every event is predetermined,
Q13: Many have shown how entrepreneurs are dependent
Q14: In his early work, Israel Kirzner identifies
Q15: Creative destruction is a key concept of
Q16: Certain fundamental features of the Austrian School
Q17: A central linchpin in the Austrian School