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
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标准答案
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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
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