Individual states engage in their own industrial policy, which can involve states competing with one another by offering special inducements to attract industry and jobs
Indicate whether the statement is true or false
true
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The question "Will doctors or lawyers have higher annual incomes?" represents which of the three basic economic questions?
What will be an ideal response?
A system of economic organization in which the ownership and control of productive capital assets rests with the state and resources are allocated through central planning and political decision making is called: a. a market economy
b. a command economy. c. a corporate economy. d. capitalism.
If a firm has a U-shaped long-run average cost curve,
a. its fixed cost rises as output rises. b. it must have increasing returns to scale at low levels of production and decreasing returns to scale at high levels of production. c. it must have increasing returns to each input at low levels of production and decreasing returns to each input at high levels of production. d. the firm can maximize its output by operating at the point of minimum long-run average cost.
Empirical evidence suggests that the relationship between a firm’s investment and its stock prices is
a) strongly negative b) weakly negative c) nonexistent; the two variables are independent d) weakly positive e) strongly positive