In Terms of Industrial Policy, Clusters Refer To

question 10

Multiple Choice

In terms of industrial policy, clusters refer to:

• A) networks of interdependent firms, universities, and businesses that focus on production of a specific type of good.
• B) firms in an economy that are so interconnected, when one fails, they all fail.
• C) the industries supported in a country practicing export-led growth policy.
• D) the industries supported in a country practicing import substitution policy.

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Definitions:

Electronegativity

A chemical property that describes the ability of an atom to attract electrons towards itself in a chemical bond.

Starting Materials

The substances used at the beginning of a synthesis or a chemical reaction.

Reactivity

The inclination of a substance to participate in a chemical reaction, alone or in combination with other substances.

Substrates

Materials or substances on which enzymes act or upon which chemical processes occur.