In terms of industrial policy, clusters refer to:
A. networks of interdependent firms, universities, and businesses that focus on production of a specific type of good.
B. firms in an economy that are so interconnected, when one fails, they all fail.
C. the industries supported in a country practicing import substitution policy.
D. the industries supported in a country practicing export-led growth policy.
Answer: A
You might also like to view...
A goal of the Securities and Exchange Commission is to reduce problems arising from
A) competition. B) banking panics. C) risk. D) asymmetric information.
In the Malthusian model, improvements in health care lead to
A) higher population and higher per-capita production. B) higher population and lower per-capita production. C) lower population and higher per-capita production. D) lower population and lower per-capita production.
In the long run, the most important source of increase in a nation's standard of living is a: a. zero rate of population growth. b. high rate of economic growth. c. high rate of consumption
d. high rate of labor force growth.
If an excise tax is imposed on automobiles,
a. the demand curve will shift upward and the market price will increase b. the supply curve will shift downward and the market price will increase c. the supply curve will shift upward and the market price will increase d. the equilibrium quantity supplied will increase e. the equilibrium quantity demanded will increase