In reference to industrial policy, networks of interdependent firms, universities, and businesses that focus on production of a specific type of good are called:
A. vertical industries.
B. integrated industries.
C. bundles.
D. clusters.
Answer: D
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The demand for a particular brand of shoes decreased due to a change in consumers' tastes and preferences. This will lead to a(n) ________, assuming all else equal
A) downward movement along a firm's labor demand curve B) rightward shift of the firm's labor demand curve C) upward movement along a firm's labor demand curve D) leftward shift of the firm's labor demand curve
If you hold $25 in cash, have $150 in a checking account, and have $250 in a savings account, how much of M2 do you have?
What will be an ideal response?
Suppose the required reserve ratio is 20 percent. If banks are conservative and choose not to loan all of their excess reserves, the real-world deposit multiplier is
A) less than 5. B) equal to 5. C) greater than 5. D) equal to 20.
Which of the following is a characteristic of a general? partnership?
A. Partnerships do not have to pay? taxes, but a corporation does. B. The partners have joint liability for the? firm's financial obligations. C. It is a corporation. D. Only one partner can make decisions. E. It is owned by one individual.