Understanding Creative Destruction: Impacts of Technological Change on Markets and Employment

Interactive Video
•
Business, Life Skills
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
Read more
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'creative' aspect of creative destruction refer to?
The inefficiency of monopolies
The creation of new markets and jobs
The destruction of old technologies
The loss of existing jobs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major downside of creative destruction as illustrated by the computer and typewriter example?
Increased production costs
Structural unemployment
Decreased innovation
Higher consumer prices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can creative destruction affect monopolistic markets?
By stabilizing market prices
By breaking down barriers to entry
By reducing consumer choice
By increasing production costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential threat to Apple in the context of creative destruction?
Increasing production costs
Decreasing market demand
Disruptive innovations by competitors
Lack of innovation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can be a consequence of creative destruction in perfectly competitive markets?
Decreased innovation
Higher production costs
Increased consumer prices
Creation of new monopolies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role should the government play in the context of creative destruction?
Increase barriers to entry
Maintain existing monopolies
Encourage economic progress while protecting those affected
Discourage innovation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common phrase associated with creative destruction?
The winds of change
The gales of creative destruction
The storm of innovation
The breeze of progress
Similar Resources on Wayground
11 questions
Technological Change and Its Impact

Interactive video
•
10th Grade - University
8 questions
TED-ED: The power of creative constraints - Brandon Rodriguez

Interactive video
•
KG - University
2 questions
Kodak: A Lesson in Innovation and Disruption

Interactive video
•
11th Grade - University
2 questions
The Role of the Financial Sector in Developing Economies: Challenges and Interventions

Interactive video
•
11th Grade - University
8 questions
Are the Tories to Blame for the Cost of Living Crisis?

Interactive video
•
11th Grade - University
2 questions
Understanding Oligopolies: Market Structure and Outcomes

Interactive video
•
11th Grade - University
2 questions
Understanding Creative Destruction: Impacts of Technological Change on Markets and Employment

Interactive video
•
11th Grade - University
6 questions
CLEAN : Ethiopias budding entrepreneurs thwarted by red tape

Interactive video
•
11th Grade - University
Popular Resources on Wayground
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
15 questions
PRIDE

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
22 questions
6-8 Digital Citizenship Review

Quiz
•
6th - 8th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
Discover more resources for Business
10 questions
Chaffey

Quiz
•
9th - 12th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Lab Safety and Lab Equipment

Quiz
•
9th - 12th Grade
20 questions
Getting to know YOU icebreaker activity!

Quiz
•
6th - 12th Grade
12 questions
Macromolecules

Lesson
•
9th - 12th Grade
12 questions
Classifying Polys - 1.1

Quiz
•
10th - 12th Grade
20 questions
1.1 (b) Add / Sub/ Multiply Polynomials

Quiz
•
12th Grade