When States Bid Against One Another for Economic Development They

question 10

Multiple Choice

When states bid against one another for economic development they

• A)enhance interstate cooperation.
• B)often use tax breaks and regulatory relaxation to attract business and industry.
• C)rely on federal guidelines to ensure business incentives are equal between competing states.
• D)usually work out agreements that allow other states to share in the economic benefits.

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Definitions:

Adverse Selection

A situation where asymmetric information results in high-risk parties being more likely to engage in agreements than low-risk parties.

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The ability to input text into a computer or typewriter quickly and accurately, often measured in words per minute.

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