Which Statement Is TRUE

question 103

Multiple Choice

Which statement is TRUE?

• A) Import restrictions may be the best policy if production in certain industries generates positive spillover effects to other industries.
• B) It is usually easy to identify industries that generate positive spillover effects.
• C) It would be more efficient to subsidize industries that generate positive spillover effects than to implement import restrictions.
• D) Spillover effects from Silicon Valley were the biggest factor leading to increases in productivity in the 1990s.

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Definitions:

Invitee

A person who is invited to enter or remain on property for a commercial benefit to the property owner, such as a customer in a store.

Dangerous Condition

A situation or aspect of a property that poses a risk of injury to those on the premises.

Express Voluntary Assumption

The clear and intentional taking on of a risk or responsibility by an individual, fully understanding its implications.

Strict Liability

Legal responsibility for damages or injury, even if the person found strictly liable was not at fault or negligent.