Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Transcribed Image Text:Schumpeter's "creative destruction" is an explanation of economic progress resulting from:
Select one:
a. using up scarce natural resources to create new products.
b. new product producers driving incumbent producers out of business.
c. breaking down barriers to trade and development.
d. creating new methods to destroy the environment.

Transcribed Image Text:If an economy is initially in a steady state and it experiences an increase in its saving rate, then the steady-
state capital stock will
Select one:
O a. rise only if depreciation also rises.
O b. fall.
O c. rise.
O d. stay the same.
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