Multiple Choice
To Schumpeter, the market process is called
A) dynamic externalities
B) static business formation
C) creative destruction
D) all of these choices.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: In the market processes resources end up
Q4: Specialization should be guided<br>A)by government regulations.<br>B)comparative advantage<br>C)by
Q5: It is always the best strategy to<br>A)not
Q6: Markets provide<br>A)information.<br>B)prices.<br>C)incentives.<br>D)all of these choices.
Q7: Economic Profit equals accounting profit plus the
Q9: Entrepreneurs reveal<br>A)things that the market knew.<br>B)things that
Q10: If economic profits are zero<br>A)accounting profits is
Q11: The _ is at the center of
Q12: If accounting profits are positive then economic
Q13: The market process is<br>A)governmental.<br>B)institutional.<br>C)dynamic.<br>D)all of these choices.