Concentration of industries can lead to external economies for all of the following reasons EXCEPT
A) concentrated industries will not be competitive.
B) concentrated industries will attract a network of input suppliers.
C) concentrated industries will attract a deep pool of skilled labor.
D) concentrated industries will experience knowledge spillovers.
A
You might also like to view...
Among 33 major economies, government spending (relative to GDP) in the United States is ________
A) relatively low B) remarkably high C) about average D) lowest of all
A change in the price of a good causes
A) an increase in supply. B) a decrease in supply. C) an increase in demand and a decrease in supply. D) a change in quantity supplied.
The effect of an import quota is to
a. raise the price and reduce the quantity of imports. b. raise the price and the quantity of imports. c. lower the price and the quantity of imports. d. raise the quantity and reduce the price of imports.
If the domestic producers of a good are hurt by a free trade, it suggests that the country:
A. is a net exporter of that good. B. has a comparative advantage in that good. C. is not able to produce that good. D. is a net importer of that good.