Externalities Are Knowledge Spillovers That Occur When Companies in the Same

question 21

True/False

Externalities are knowledge spillovers that occur when companies in the same industry locate in the same area.

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Definitions:

Industry Vs. Inferiority

The fourth stage in Erik Erikson's theory of psychosocial development, occurring during childhood, where children develop a sense of pride and competence through mastery of tasks.

Autonomy Vs. Doubt

A stage in Erik Erikson's theory of psychosocial development where toddlers develop independence and self-esteem if encouraged, or feelings of shame and doubt if overly restricted.

Initiative Vs. Guilt

A stage of psychosocial development in Erik Erikson's theory where children learn to initiate activities and interact with others or feel guilty for being unsuccessful at these tasks.

Object Permanence

is the cognitive understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a fundamental concept in developmental psychology.