Multiple Choice
Nearly a century ago, Alfred Marshall (1920) devoted an entire chapter of his popular economics textbook to the Concentration of Specialized Industries in Particular Localities. Marshall attributed concentration to three factors. Which of the following is not one of the factors that Marshall mentioned?
A) industries are prone to concentration because of the availability of specialized labor.
B) industries are prone to concentration because of the development of specialized suppliers of intermediate goods and services.
C) industries are prone to concentration because of the flows of technology between the industries.
D) industries are prone to concentration because of geographic proximity to institutions of higher learning.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The S-curve graphically illustrates:<br>A) the relationship between
Q5: Which of the following products was quickest
Q6: In the AK model, the capital stock
Q7: The Solow residual is estimated using the
Q8: One of the issues not dealt with
Q10: Technological progress:<br>A) is similar no matter where
Q11: Evidence of learning-by-doing has been found in
Q12: Technological progress has been characterized as:<br>A) path
Q13: The learning-by-doing model:<br>A) exhibits increasing returns to
Q14: Among the characteristics of technology is/are:<br>A) technological