Author Question: One of the important points of criticism of industrial policy is that: a. it can lead to stiff ... (Read 57 times)

ereecah · **on:** Jun 30, 2018

One of the important points of criticism of industrial policy is that:
a. it can lead to stiff competition among the domestic firms in an economy.
b. small domestic firms will not be able to survive economic clustering.
c. government sponsored research will end up benefitting foreign countries.
d. it can prohibit regional innovations.
e. the knowhow in one firm will not spill over to other firms in an economy.

Question 2

The Sherman Antitrust Act outlawed tying contracts.
a. True
b. False
Indicate whether the statement is true or false