In Terms of Industrial Policy, Clusters Refer To

question 33

Multiple Choice

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 they all fail when just one fails.
• C) groups of underperforming industries.
• D) the industries supported in a country practicing import substitution policy.

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Definitions:

Prodromal Phase

A preliminary stage of a disease, indicating the onset of symptoms but not yet fully developed illness.

Active Phase

A period in which symptoms of a disease or condition are more pronounced and readily observable.

Residual Phase

A stage in certain mental health disorders marked by a reduction in the severity of symptoms, following an acute phase of the condition.

Catatonic Stupor

A state of motor immobility and behavioral abnormality found in some psychiatric conditions, characterized by muscular rigidity and mental unresponsiveness.