Industrial Policy Seeks to Direct Resources to Declining Industries in Which

question 118

True/False

Industrial policy seeks to direct resources to declining industries in which productivity is low, linkages to the rest of the economy are weak, and future competitiveness is remote.

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Definitions:

Missile Defense

Military strategies, technologies, and systems designed to detect, track, intercept, and destroy incoming missiles.

Arms-Reduction Negotiations

Diplomatic talks between nations aimed at reducing the number of weapons, especially nuclear arms, to ensure greater global stability and safety.

Glasnost

A policy introduced by Soviet leader Mikhail Gorbachev in the 1980s promoting openness and transparency in government institutions and activities.

Open Government

A governing doctrine which holds that citizens have the right to access the documents and proceedings of the government to allow for effective public oversight.