A) Capital accumulation B) Labor specialization C) Market equilibrium D) Innovation
A) The entrepreneur B) The consumer C) The capitalist D) The government
A) Creative destruction B) Capitalist progression C) Industrial mutation D) Market evolution
A) Stabilizes price levels B) Enables entrepreneurs to implement innovations C) Prevents economic crises D) Encourages consumer spending
A) Monetary policy changes B) Government spending patterns C) Clusters of innovations D) Consumer confidence shifts
A) The cycle of production and consumption B) The routine, repetitive economic process C) The movement of capital between sectors D) The flow of international payments
A) Can be temporary and beneficial for innovation B) Prevent technological progress C) Should be permanently regulated D) Are always harmful to the economy
A) It leads to market saturation B) It spreads innovations through the economy C) It reduces profit margins D) It stifles creative thinking
A) Implementing innovations in the economic system B) Diversifying investment portfolios C) Merging competing firms D) Combining different industries
A) Lack of capital B) Resistance to change in the circular flow C) International competition D) Government regulation
A) Measures of efficiency B) Permanent returns to capital C) Signals for resource allocation D) Temporary rewards for successful innovation
A) Competition and innovation are unrelated B) Competition stimulates innovation C) Innovation creates temporary monopoly power D) Innovation eliminates competition
A) Economic change driven by internal innovation B) Self-sufficient economic policies C) Internal market expansion D) Domestic resource utilization
A) Achieve permanent stability B) Become globally dominant C) Return to feudalism D) Be replaced by socialism
A) Speculative boom following primary innovation B) International spread of innovations C) Consumer adaptation to new products D) Recovery phase after recession
A) Evolutionary and dynamic B) Mathematical and static C) Institutional and historical D) Behavioral and psychological
A) Introducing new combinations B) Managing existing businesses C) Following market trends D) Maximizing profits
A) Foreign investment B) Labor unions C) Credit creation D) Government planning
A) Stable B) Eternal C) Self-destructive D) Socialist
A) Quantitative growth B) Qualitative changes C) Price stability D) Income equality
A) Innovative B) Corporate C) Social D) Replicative |