A policy in which a government actively picks industries to support as a base for economic development is known as
A. industrial policy.
B. first-choice policy.
C. social policy.
D. preferential policy.
Answer: A
You might also like to view...
(In/Y) is quite ________ in the U.S. economy, and ________ stay away from its long-run average for several consecutive years
A) stable, yet it can B) stable, so it does not C) volatile, yet it can D) volatile, so it does not
The economic burden of World War II for the United States was primarily:
A. Shifted to future generations by bond financing B. Borne by the persons who lived during the war period C. Shifted to foreign nations who were defeated during the war D. Borne by the industries which produced military products during the war
Consumers in a monopolistically competitive market do not receive any consumer surplus because the price paid for the product exceeds the marginal cost of production
Indicate whether the statement is true or false
Monopolistic competition may lead to each of the following except
A. too many firms in the industry. B. zero economic profits in the long run. C. a price that is above the ATC curve in the long run. D. non-price competition.