题目
题目

ECNM1116.32925.202530 Review Questions Chapter 2

匹配题

7. Identify each of the following quotes as being associated with either: the concept if the invisible hand or the concept of creative destruction. LO4     a.     "If you compare a list of today’s most powerful and profitable companies with a similar list from 30 years ago, you will see lots of new entries."     b.     "Managers in the old Soviet Union often sacrificed product quality and variety because they were being awarded bonuses for quantitative, not qualitative, targets."     c.     "Each day, central planners in the old Soviet Union were tasked with setting 27 million prices -- correctly."     d.     "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."   1: a 2: b 3: c 4: d

查看解析

查看解析

标准答案
Please login to view
思路分析
Let’s break down each quoted item and link it to the economic concept it best exemplifies. a. “If you compare a list of today’s most powerful and profitable companies with a similar list from 30 years ago, you will see lots of new entries.” This statement highlights dynamic turnover in the market, where new firms emerge and older ones fade away as creative destruction operates. The idea is that innovation and competition continually replace incumbents, d......Login to view full explanation

登录即可查看完整答案

我们收录了全球超50000道考试原题与详细解析,现在登录,立即获得答案。

更多留学生实用工具

加入我们,立即解锁 海量真题独家解析,让复习快人一步!