Which of the Following Is an Example of an Industrial

question 62

Multiple Choice

Which of the following is an example of an industrial cluster?

• A) the proliferation of counterfeit goods in the global marketspace
• B) the elite community of industrialists in the United States
• C) high productivity of workers in South Korea
• D) the consumer electronics industry in Japan

---

Definitions:

Hypothetical Consumer

A theoretical representation of an average consumer used in economic models to predict buying behavior and market dynamics.

Consumer Income

The total earnings of an individual or household from all sources, influencing their purchasing decisions.

Maximum Quantity

The highest amount of a product or resource that can be produced, obtained, or allocated under specific conditions.

Units of X

A term used in various contexts to denote a measurement or quantity of a particular item or variable 'X'.