Cities Such as New York Are Able to Host a Variety

question 28

Multiple Choice

Cities such as New York are able to host a variety of complex industries because of the development of specialized resources that support their growth. When specialized resources emerge in response to demand from multiple industries, this is referred to as:

• A) industry economies of scale
• B) agglomeration economies
• C) locational monopoly
• D) economic inefficiencies

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Definitions:

Codetermination Rights

Rights that enable workers to participate in management decisions within a company, common in some European countries.

Consultation Rights

The right to be consulted on decisions that affect one's work or employment conditions, often a provision in labor relations or company policies.

Information Rights

Pertains to the rights individuals or entities have to access information, often in the context of privacy, freedom of information, or data protection.

Corporate Supervisory Boards

Oversight bodies in certain corporate governance structures responsible for monitoring and guiding the executive board and protecting shareholders' interests.