Industries, generally those with high value using brainpower more than muscle ar
ID: 381035 • Letter: I
Question
Industries, generally those with high value using brainpower more than muscle are most commonly referred to as: a. Sunrise industries b. Sunset industries c. Technocratic firms d. All of the above e. None of the above 11. Critics of industrial policy contend: a. Industrial policy does not work b. Business people are quicker and nimbler c. Bureaucrats making economic decisions are bound to get things 12. wrong d. All of the above e. None of the above 13. Statement I: The U.S. is currently the number one supplier of computer equipment, aerospace products, and pharmaceuticals Statement Il: American workers are the most productive a. Statement I and II are both true b. Statement I and Il are both false c. Statement I is true and statement Il is false d. Statement I is false and statement II is true study of fundamental scientific questions is most commonly referred 14. The to as: a. Development research b. Applied research c. Basic research d. R&D; e. Quantum researchExplanation / Answer
11.
C.
These organizations are technocratic in nature.
12.
D
There are different criticism to the industrial policy as it is pervasive in nature and it does not work. Further, bureaucratic people cannot take a right decision due to the lack of technical understanding of the industries and its issues.
13.
A
Both the statements complement each other. Productivity of the highest level, leads to the number 1 exporter of goods.
14.
C
It is the basic or fundamental research that tries to answer the questions posed by the scientific theories.