Economists Refer to Knowledge "Spillovers" as Externalities, and There Is

question 89

True/False

Economists refer to knowledge "spillovers" as externalities, and there is a well-established theory suggesting that firms can benefit from such externalities by locating close to their source.

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Definitions:

Adaptive Behavior Patterns

Behaviors that are learned and adjusted over time to help individuals survive and thrive in their environment.

Ego

In psychoanalytic theory, the component of the personality that is responsible for dealing with reality while balancing the demands of the id and superego.

Superego

The component of the personality in Freudian psychology that is responsible for moral standards and ideals.

Self-Defeating Behavior

Actions or attitudes that undermine one's own success, often resulting from low self-esteem or self-worth.