One drawback to industrial policy is that a. positive side effects are often outweighed by negative side effects. b. technology spillovers are too expensive to control. c. measuring the size of spillovers from different markets is difficult. d. spillovers often occur in industries that produce undesirable products for society.

Question

Social Studies

Connor Diaz

5 June, 02:25

One drawback to industrial policy is that a. positive side effects are often outweighed by negative side effects. b. technology spillovers are too expensive to control. c. measuring the size of spillovers from different markets is difficult. d. spillovers often occur in industries that produce undesirable products for society.

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Gregory Lloyd · Answer 1

Answer: Option (C)

Explanation:

Industrial policy of a nation, that is at times denoted by IP, or sometimes as industrial strategy, is referred to as the official strategic effort taken in order to encourage progress and development and the growth of parts of its economy, that is often focused on the manufacturing sector. The state or federal government tends to takes measures that are thoroughly aimed at recovering the capabilities and competitiveness of the domestic firms.