Question 1

Moving economic development programs from state agencies and into private organizations is one of the key characteristics of which approach to economic development?

Accepted Answer

A) First wave 
B) Second wave 
C) Third wave 
D) Fourth wave 
A) First wave 
B) Second wave 
C) Third wave 
D) Fourth wave C

Question 2

In the realm of international trade, states perform which of the following important roles in export promotion?

Accepted Answer

A) Brokering information 
B) Offering technical support 
C) Providing export financing 
D) All of these choices. 
A) Brokering information 
B) Offering technical support 
C) Providing export financing 
D) All of these choices. D

Question 3

Economic development is a process by which a community, state, or nation increases its level of per capita income, high-quality jobs, and capital investment.

Accepted Answer

A) True 
 B)False  True

Question 4

A robust economy provides jobs for residents and revenues for governments.

Accepted Answer

A) True 
 B)False

Question 5

High-tech industries are helping shape the new economy and making states and local governments rethink economic development strategies, partly because high-tech firms can locate almost anywhere and are motivated by quality of life and workforce issues.

Accepted Answer

A) True 
 B)False

Question 6

Concerns over the high costs of some economic incentives have led to the use of

Accepted Answer

A) gentrification, whereby a subsidized firm must pay interest on incentives for a prescribed number of years. 
B) agreements between jurisdictions that result in blackballing firms that fail to live up to their agreements. 
C) a referendum, by which the voters decide what incentives are to be extended to firms considering relocating in the jurisdiction. 
D) clawbacks, whereby a subsidized firm must repay all or part of a subsidy if the firm fails to deliver on its promises. 
A) gentrification, whereby a subsidized firm must pay interest on incentives for a prescribed number of years. 
B) agreements between jurisdictions that result in blackballing firms that fail to live up to their agreements. 
C) a referendum, by which the voters decide what incentives are to be extended to firms considering relocating in the jurisdiction. 
D) clawbacks, whereby a subsidized firm must repay all or part of a subsidy if the firm fails to deliver on its promises.

Question 7

When Mercedes Benz was scouting for a site for a new assembly plant, thirty-five states expressed interest. Eventually, Alabama was selected. Once the final cost of incentives was tallied it came to $ __________ per new job.

Accepted Answer

A) 88,000 
B) 49,500 
C) 179,000 
D) 132,000 
A) 88,000 
B) 49,500 
C) 179,000 
D) 132,000

Question 8

According to at least one study of the impact of sports stadiums on local economies, the impact of such stadiums is

Accepted Answer

A) negligible. 
B) profoundly positive. 
C) profoundly negative. 
D) They are a driving force in attracting the creative class. 
A) negligible. 
B) profoundly positive. 
C) profoundly negative. 
D) They are a driving force in attracting the creative class.

Question 9

Through their strategic planning process to stimulate economic development, many states have identified travel and tourism, the arts, sports, and international trade promotion for emphasis. Why are these four areas so popular? Pick any two and explain how they can be used by nonnational government to encourage economic development. Are they overrated? Identify any weaknesses, if any, that are associated with their use.

Accepted Answer

The four areas of travel and tourism, th

Question 10

Accommodations taxes are taxes on hotel or motel room occupancies, with the revenues usually earmarked for tourism-related issues.

Accepted Answer

A) True 
 B)False

Question 11

Jurisdictions compete for major investments such as automobile manufacturing facilities, and that competition has

Accepted Answer

A) created multistate or regional cooperation. 
B) caused the value of incentive packages to increase. 
C) forced the federal government to serve as a referee in interjurisdictional disputes. 
D) caused the value of incentive packages to decrease. 
A) created multistate or regional cooperation. 
B) caused the value of incentive packages to increase. 
C) forced the federal government to serve as a referee in interjurisdictional disputes. 
D) caused the value of incentive packages to decrease.

Question 12

The first wave of government-encouraged economic development began with the Great Depression, as states tried to float bonds to support industry.

Accepted Answer

A) True 
 B)False

Question 13

Critics of economic competition have called instead for the increase of cooperation. These efforts have been

Accepted Answer

A) largely successful 
B) largely unsuccessful 
C) dealt with by the Courts 
D) abandoned as gentrification occurs 
A) largely successful 
B) largely unsuccessful 
C) dealt with by the Courts 
D) abandoned as gentrification occurs

Question 14

Because the second wave of government-sponsored economic development was deemed to be marginal, a third wave came where government let private businesses do more than before, and the government would only provide some direction and startup capital.

Accepted Answer

A) True 
 B)False

Question 15

States with a heavy reliance on low-wage, low-skill industries have the most to fear about a NAFTA-inspired job drain.

Accepted Answer

A) True 
 B)False

Question 16

Richard Florida believes that, in response to "cool" cities becoming places where creative people flock to, those very people will eventually see that it's not 'new' or 'cool' anymore to live in a popular place, and will move on to some other less-well-known place, thereby making government efforts to spruce up cities for them useless.

Accepted Answer

A) True 
 B)False

Question 17

Public debate over incentive packages that are offered by government to attract business revolves around questions

Accepted Answer

A) of how to make them most attractive. 
B) of what effect new businesses will have on existing, protected industries. 
C) about the value of amenities and subsidies that are provided. 
D) about whether competitive behavior in seeking business relocation is counterproductive because eventual returns may not be worth the initial costs. 
A) of how to make them most attractive. 
B) of what effect new businesses will have on existing, protected industries. 
C) about the value of amenities and subsidies that are provided. 
D) about whether competitive behavior in seeking business relocation is counterproductive because eventual returns may not be worth the initial costs.

Question 18

Which of the following states are not considered in the top 10 of the "new economy" states?

Accepted Answer

A) Massachusetts 
B) Washington 
C) Arkansas 
D) Maryland 
A) Massachusetts 
B) Washington 
C) Arkansas 
D) Maryland

Question 19

The economic playing field is the world, not the neighboring county or state.

Accepted Answer

A) True 
 B)False

Question 20

Incentive packages to encourage business relocation

Accepted Answer

A) include promises that nonnational governments rarely keep. 
B) always include tax breaks, low-interest loans, and construction of infrastructure needed to support business operations. 
C) may include tax breaks, low-interest loans, and construction of infrastructure needed to support business operations. 
D) are limited by recent regional agreements about the construction of infrastructure needed to support business operations. 
A) include promises that nonnational governments rarely keep. 
B) always include tax breaks, low-interest loans, and construction of infrastructure needed to support business operations. 
C) may include tax breaks, low-interest loans, and construction of infrastructure needed to support business operations. 
D) are limited by recent regional agreements about the construction of infrastructure needed to support business operations.

Moving economic development programs from state agencies and into private organizations is one of the key characteristics of which approach to economic development?

In the realm of international trade, states perform which of the following important roles in export promotion?

Economic development is a process by which a community, state, or nation increases its level of per capita income, high-quality jobs, and capital investment.

A robust economy provides jobs for residents and revenues for governments.

High-tech industries are helping shape the new economy and making states and local governments rethink economic development strategies, partly because high-tech firms can locate almost anywhere and are motivated by quality of life and workforce issues.

Concerns over the high costs of some economic incentives have led to the use of

When Mercedes Benz was scouting for a site for a new assembly plant, thirty-five states expressed interest. Eventually, Alabama was selected. Once the final cost of incentives was tallied it came to $ __________ per new job.

According to at least one study of the impact of sports stadiums on local economies, the impact of such stadiums is

Accommodations taxes are taxes on hotel or motel room occupancies, with the revenues usually earmarked for tourism-related issues.

Jurisdictions compete for major investments such as automobile manufacturing facilities, and that competition has

The first wave of government-encouraged economic development began with the Great Depression, as states tried to float bonds to support industry.

Critics of economic competition have called instead for the increase of cooperation. These efforts have been

Because the second wave of government-sponsored economic development was deemed to be marginal, a third wave came where government let private businesses do more than before, and the government would only provide some direction and startup capital.

States with a heavy reliance on low-wage, low-skill industries have the most to fear about a NAFTA-inspired job drain.

Public debate over incentive packages that are offered by government to attract business revolves around questions

Which of the following states are not considered in the top 10 of the "new economy" states?

The economic playing field is the world, not the neighboring county or state.

Incentive packages to encourage business relocation

New Directions for State and Local Governments

Federalism and the States: Sorting Out Roles and Responsibilities

State Constitutions: the Fundamental Rules of State Government

Citizen Participation and Elections

Political Parties, Interest Groups, and Campaigns

State Legislatures

Governors: Power, Politics and Executive Leadership

Public Administration: Budgeting and Service Delivery

The Judiciary: Independence Vs Accountability

The Structure of Local Government

Local Leadership and Governance

State Local Relations

Taxing and Spending

Education Policy: Reading, Writing and Reform

Criminal Justice: Cops and Corrections

Social Welfare and Health Care Policy: Addressing Poverty and Sickness

Environmental Policy

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Exam 14: Economic Development

Moving economic development programs from state agencies and into private organizations is one of the key characteristics of which approach to economic development?

In the realm of international trade, states perform which of the following important roles in export promotion?

Economic development is a process by which a community, state, or nation increases its level of per capita income, high-quality jobs, and capital investment.

A robust economy provides jobs for residents and revenues for governments.

High-tech industries are helping shape the new economy and making states and local governments rethink economic development strategies, partly because high-tech firms can locate almost anywhere and are motivated by quality of life and workforce issues.

Concerns over the high costs of some economic incentives have led to the use of

When Mercedes Benz was scouting for a site for a new assembly plant, thirty-five states expressed interest. Eventually, Alabama was selected. Once the final cost of incentives was tallied it came to $ __________ per new job.

According to at least one study of the impact of sports stadiums on local economies, the impact of such stadiums is

Accommodations taxes are taxes on hotel or motel room occupancies, with the revenues usually earmarked for tourism-related issues.

Jurisdictions compete for major investments such as automobile manufacturing facilities, and that competition has

The first wave of government-encouraged economic development began with the Great Depression, as states tried to float bonds to support industry.

Critics of economic competition have called instead for the increase of cooperation. These efforts have been

Because the second wave of government-sponsored economic development was deemed to be marginal, a third wave came where government let private businesses do more than before, and the government would only provide some direction and startup capital.

States with a heavy reliance on low-wage, low-skill industries have the most to fear about a NAFTA-inspired job drain.

Public debate over incentive packages that are offered by government to attract business revolves around questions

Which of the following states are not considered in the top 10 of the "new economy" states?

The economic playing field is the world, not the neighboring county or state.

Incentive packages to encourage business relocation

New Directions for State and Local Governments

Federalism and the States: Sorting Out Roles and Responsibilities

State Constitutions: the Fundamental Rules of State Government

Citizen Participation and Elections

Political Parties, Interest Groups, and Campaigns

State Legislatures

Governors: Power, Politics and Executive Leadership

Public Administration: Budgeting and Service Delivery

The Judiciary: Independence Vs Accountability

The Structure of Local Government

Local Leadership and Governance

State Local Relations

Taxing and Spending

Education Policy: Reading, Writing and Reform

Criminal Justice: Cops and Corrections

Social Welfare and Health Care Policy: Addressing Poverty and Sickness

Environmental Policy

Filters