Schumpeter Study guides, Revision notes & Summaries

1. Which one of the following would be a normative economic statement? (a) Home prices have been increasing nationwide. (b)The California minimum wage is$12 per hour. (c) Americans should buy products made in the USA to boost the economy (d) Stock prices rose to a record high in July of 2007 but then declined. correct answers c 2. The notion that supply creates its own demand so that the economy should not sink into a depression reflects: (a) Keynesian economics (b)the economic views o...

UCSB English 25 Final Exam Questions & Answers 2023/2024 Principles of Scientific Management - ANSWER--author: Frederick Winslow Taylor -first began where workmen were the only people with full knowledge of how to complete their tasks -managers at first did not interfere because they knew the workmen were knowledgable about their tasks and therefore felt like they could not speak up -companies wanted to be more efficient to save time and money, so they created the "initiative and incent...

Innovation and Entrepreneurship Actual Exam Questions And Answers reader of business plan should be able to quickly understand the core idea of how the - ANSWER- product or service works and how it will be further developed in the future. taxation affected by two factors: - ANSWER- the national tax regime whether to form a corporate body; if so, a double taxation might be the result, i.e., taxation of the corporation and the entrepreneur Compared to partnerships, there are significant...

capitalist economy - In economist-speak, an entrepreneur acts as a coordinating agent in a ______. Entrepreneurship - is the process of discovering new ways of combining resources. entreprendre - The word "entrepreneur" originates from a thirteenth-century French verb, ______ , meaning "to do something" or "to undertake." entrepreneur - was being used to refer to someone who undertakes a business venture. must deal with a larger number of obstacles and fears than hourly or sa...

Entrepreneurship & Innovation Management 214 Chapter 1: The Nature and Development of Entrepreneurship Entrepreneurs are the core and essence of any economy. Economic development can be directly attributed to the level of entrepreneurial activity, and entrepreneurial business ensure growth in the economy. Examples of some successful South African entrepreneurs include Ernest Oppenheimer, Pam Golding, Elon Musk and Sol Kerzner. Most entrepreneurial activity takes place in small, m...

Economists in order - Answer-Adam Smith (1776) John Stuart Mill (1848) Joseph Schumpeter (1942) Paul Samuelson (1948) Milton Friedman (1962) Gary Becker (1967) John Rawls (1971) Richard Thaler (2009) Adam Smith () - Answer-the world's first free-market capitalist father of modern economics ideas are the foundation of the classical school of economics - "The Theory of Moral Sentiments" in 1759 - "The Wealth of Nations" in 1776 Smith major contribution - Answer-Invisible Ha...

English 25 Final UCSB Exam Questions & Answers 2023/2024 Frederick Winslow Taylor - ANSWER-Principles of Scientific Management (1911) Bricklaying Short Ex:-first began where workmen were the only people with full knowledge of how to complete their tasks -managers at first did not interfere because they knew the workmen were knowledgable about their tasks and therefore felt like they could not speak up -companies wanted to be more efficient to save time and money, so they created the "i...

Joseph Schumpeter - Answer-"Capitalism, Socialism and Democracy", capitalism as a method of evolution, Theory of Economic Development Walter Williams - Answer-"Race and Economics", "The State Against Blacks", for free market economics and against government intervention, laissez-faire capitalism, government minority programs have been more harmful than helpful to minorities Adam Smith - Answer-the invisible hand theory, specialization of certain tasks to each person in a corporation ...

MHR 322 Exam | Questions with Verified Answers In "A Student's Guide to Startups," author Paul Graham warns that real entrepreneurship is not like a class project because: Solving a rare and valuable problem usually involves figuring out the real problem in an iterative process. According to Dr. Bock, the best reason to choose to be an entrepreneur is: Because there is something that you want to accomplish and a startup company appears to be the best way to make it possible In the video "I...

NETW 583 Strategic Management of Technology Final Exam MCQs Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+ (TCO A) The relationship between speed of innovation and product obsolescence is direct (as innovation speed increases, products become obsolete more quickly). inverse (as innovation speed increases, products become obsolete more slowly). indirect (there is an effect, but it can...