How can regional concentration of firms in an industry lead to external economies of scale? Give examples of these types of industrial clusters in the United States. Are they always beneficial?
What will be an ideal response?
Question 2
Which of the following is a FALSE statement about education in the high-growth Asian economies?
A) An emphasis on state funding of advanced degree programs, such as engineering and computer science, increased manufacturing production significantly.
B) Literacy rates rose dramatically in the high-growth Asian economies and laid a foundation for a skilled labor force.
C) As the average educational level rose, workers could take on more technological, sophisticated production, pushing new investment into product lines.
D) Spending was focused on the primary and secondary level, where it has the greatest social impact.
pH Scale
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
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