One of the Important Points of Criticism of Industrial Policy

question 41

Multiple Choice

One of the important points of criticism of industrial policy is that:

• A)it can lead to stiff competition among the domestic firms in an economy.
• B)small domestic firms will not be able to survive economic clustering.
• C)government sponsored research will end up benefitting foreign countries.
• D)it can prohibit regional innovations.
• E)the knowhow in one firm will not spill over to other firms in an economy.

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a key concept in cognitive development during infancy.

Conservation

A principle in cognitive development theorizing that children learn an object's volume, mass, or number remains unchanged, even when its shape or arrangement changes.

Carnival Game

A game of skill or chance played at fairs, amusement parks, or carnivals, often involving the attempt to win a prize.

Naive Idealism

A type of thought in which adolescents construct ideal solutions for problems.