Multiple Choice
Which is not an example of creative destruction?
A) A large manufacturing plant closes, and unemployed workers leave town.
B) Americans retire in Mexico because the cost of living is cheaper.
C) Call centers are moved from the United States to India and the Philippines.
D) Medical records go online, eliminating the need for paper files and people to track and organize them.
E) All of these are examples of creative destruction.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: The price system induces people to employ
Q54: Figure 3.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 3.5
Q55: Figure 3.6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 3.6
Q56: An example of creative destruction is a
Q57: On a graph showing the supply and
Q59: Figure 3.7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 3.7
Q60: Figure 3.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 3.1
Q61: The U.S. economy has shifted from _
Q62: A ban has the effect of _
Q63: Many companies have moved jobs from the