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 export-led growth policy.
D. the industries supported in a country practicing import substitution policy.
A. networks of interdependent firms, universities, and businesses that focus on production of a specific type of good.
You might also like to view...
The slope of a production possibility frontier shows the _____
a. total cost of producing a good b. opportunity cost of expanding production of one good c. price of the good produced along the horizontal axis d. total resources available in the economy
In a two-country world, an increase in foreign input prices, ceteris paribus,
A) shifts the SRAS curve leftward, causing the price level to increase. B) shifts the SRAS curve leftward, causing the price level to decrease. C) shifts the SRAS curve rightward, causing the price level to increase. D) shifts the SRAS curve rightward, causing the price level to decrease. E) does not affect the SRAS curve or the price level.