Question 1

Some believe that industry-university collaboration can mean future economic success, particularly in terms of bioscience.

Accepted Answer

A) True 
 B)False

Question 2

A robust economy provides jobs for residents and revenues for governments. Therefore, economic health is a broad public policy concern. The fundamental question is: Do state and local government efforts make a difference? Discuss the various arguments for and against, identifying at least two types of efforts that make a difference. How would you evaluate the success of each of these efforts?

Accepted Answer

There are various arguments for and agai

Question 3

State governments have largely tried to ignore business leaders, knowing that all they want to do is get government subsidies of some sort or another that has negligible public value.

Accepted Answer

A) True 
 B)False

Question 4

According to the widely read book, The Rise of the Creative Class , economic development is driven by a demographic that seeks "cool cities." These cities have which of the following characteristics?

Accepted Answer

A) Economies that are knowledge-based, policies that promote social tolerance, and are communities that nurture the arts and culture 
B) Economies that are manufacturing-based, policies that promote social tolerance, and are communities that nurture the arts and culture 
C) Economies that are knowledge-based, policies that promote social isolation and intolerance, and are communities that nurture the arts and culture 
D) Economies that are knowledge-based, policies that promote social tolerance, and are communities that nurture traditional entertainment venues like sports teams and bowling 
A) Economies that are knowledge-based, policies that promote social tolerance, and are communities that nurture the arts and culture 
B) Economies that are manufacturing-based, policies that promote social tolerance, and are communities that nurture the arts and culture 
C) Economies that are knowledge-based, policies that promote social isolation and intolerance, and are communities that nurture the arts and culture 
D) Economies that are knowledge-based, policies that promote social tolerance, and are communities that nurture traditional entertainment venues like sports teams and bowling

Question 5

Providing business a role in governmental economic development planning and implementation efforts is

Accepted Answer

A) sometimes controversial because government may be accused of being too receptive to business interests. 
B) always in the public interest. 
C) one of the hallmarks of the first wave of economic development efforts. 
D) universally welcomed by state officials and legislators. 
A) sometimes controversial because government may be accused of being too receptive to business interests. 
B) always in the public interest. 
C) one of the hallmarks of the first wave of economic development efforts. 
D) universally welcomed by state officials and legislators.

Question 6

Second-wave economic development strategies are characterized as primarily depending

Accepted Answer

A) on chasing smokestacks from outside your own region of the country. 
B) on luring business from elsewhere with tax breaks and public subsidies. 
C) on a search for adjustments and new initiatives under the direction of private-sector leadership. 
D) on establishing venture capital pools, creating small-business incubators, and initiating work-force training programs. 
A) on chasing smokestacks from outside your own region of the country. 
B) on luring business from elsewhere with tax breaks and public subsidies. 
C) on a search for adjustments and new initiatives under the direction of private-sector leadership. 
D) on establishing venture capital pools, creating small-business incubators, and initiating work-force training programs.

Question 7

Once an economic development strategy is in place, the next challenge is trying to surmount the huge level of pushback that occurs from vested interests trying to resist change.

Accepted Answer

A) True 
 B)False

Question 8

The United States was once a nation of diverse regional economies but, due to the power of the national economy, most state economies are fairly similar today.

Accepted Answer

A) True 
 B)False

Question 9

Statistics show that between _________ and _________ percent of new jobs come from existing firms expanding in their home state and start-up businesses-not from relocating businesses.

Accepted Answer

A) 30; 40 
B) 10; 30 
C) 50; 60 
D) 80; 90 
A) 30; 40 
B) 10; 30 
C) 50; 60 
D) 80; 90

Question 10

Strategic planning is a useful tool for governments coping with economic development questions because it produces a

Accepted Answer

A) plan to which all government actors are committed. 
B) common understanding of economic circumstances, permits development of a consensus about the economy, sets the stage for action, and provides a mechanism for adjusting and correcting the state's actions to match emerging economic trends. 
C) plan that, if followed, leads to an expanded economy. 
D) lengthy document that lists all resources in the community that might aid in an economic recovery. 
A) plan to which all government actors are committed. 
B) common understanding of economic circumstances, permits development of a consensus about the economy, sets the stage for action, and provides a mechanism for adjusting and correcting the state's actions to match emerging economic trends. 
C) plan that, if followed, leads to an expanded economy. 
D) lengthy document that lists all resources in the community that might aid in an economic recovery.

Question 11

The second wave of community efforts to spur economic development came when the Federal Government stepped in to nationalize many industries outright.

Accepted Answer

A) True 
 B)False

Question 12

The fourth wave of economic development and strategies emphasizes

Accepted Answer

A) globalization and human capital. 
B) attracting heavy industries (like steel mills and automobile assembly plants)back into the United States. 
C) following what has been termed the "balancing agriculture with industry" plan. 
D) the need for public-private partnerships because states cannot afford to provide additional tax breaks due to budgetary problems. 
A) globalization and human capital. 
B) attracting heavy industries (like steel mills and automobile assembly plants)back into the United States. 
C) following what has been termed the "balancing agriculture with industry" plan. 
D) the need for public-private partnerships because states cannot afford to provide additional tax breaks due to budgetary problems.

Question 13

Inherent in the concept of economic development is the belief that developing the economy of a state or community enhances the quality of life for its citizens and generates more revenues for the government.

Accepted Answer

A) True 
 B)False

Question 14

Attracting the "Creative Class" has become an important goal of cities in their pursuit of economic development. Describe the creative class, what is meant by "cool cities" and how cities' and states' policies might help attract this demographic?

Accepted Answer

The "Creative Class" refers to a group o

Question 15

You are the economic development secretary for your governor who is running for re-election. Outline your five point plan for economic development that reflects the political culture of your state, the needs of the new economy, and the fiscal limits of your current tax structure.

Accepted Answer

As the economic development secretary fo

Question 16

As a political issue, economic development is

Accepted Answer

A) a partisan issue that only Republicans support. 
B) a consensus issue that everyone favors. 
C) a Democratic issue because it relates to jobs for blue-collar and minority workers. 
D) largely ignored by candidates because all sides agree it is important. 
A) a partisan issue that only Republicans support. 
B) a consensus issue that everyone favors. 
C) a Democratic issue because it relates to jobs for blue-collar and minority workers. 
D) largely ignored by candidates because all sides agree it is important.

Question 17

New York City has provided over $200 million in tax breaks and utility concessions to keep Chase Manhattan Bank in the city.

Accepted Answer

A) True 
 B)False

Question 18

Business leaders believe that because their success is central to a state's economy, they ought to be treated as a public-interest rather than as a special-interest group.

Accepted Answer

A) True 
 B)False

Question 19

Denver's new opera house, Chicago's Millennium Park, and St. Louis' Citygarden are examples of which of the following that frequently contribute to business-relocation decisions?

Accepted Answer

A) Clusters 
B) Sports Tourism 
C) Amenities 
D) Accommodations 
A) Clusters 
B) Sports Tourism 
C) Amenities 
D) Accommodations

Question 20

In some states, one successful partnership to stimulate economic development is between industries and universities.

Accepted Answer

A) True 
 B)False

Some believe that industry-university collaboration can mean future economic success, particularly in terms of bioscience.

State governments have largely tried to ignore business leaders, knowing that all they want to do is get government subsidies of some sort or another that has negligible public value.

According to the widely read book, The Rise of the Creative Class , economic development is driven by a demographic that seeks "cool cities." These cities have which of the following characteristics?

Providing business a role in governmental economic development planning and implementation efforts is

Second-wave economic development strategies are characterized as primarily depending

Once an economic development strategy is in place, the next challenge is trying to surmount the huge level of pushback that occurs from vested interests trying to resist change.

The United States was once a nation of diverse regional economies but, due to the power of the national economy, most state economies are fairly similar today.

Statistics show that between _ and _ percent of new jobs come from existing firms expanding in their home state and start-up businesses-not from relocating businesses.

Strategic planning is a useful tool for governments coping with economic development questions because it produces a

The second wave of community efforts to spur economic development came when the Federal Government stepped in to nationalize many industries outright.

The fourth wave of economic development and strategies emphasizes

Inherent in the concept of economic development is the belief that developing the economy of a state or community enhances the quality of life for its citizens and generates more revenues for the government.

Attracting the "Creative Class" has become an important goal of cities in their pursuit of economic development. Describe the creative class, what is meant by "cool cities" and how cities' and states' policies might help attract this demographic?

You are the economic development secretary for your governor who is running for re-election. Outline your five point plan for economic development that reflects the political culture of your state, the needs of the new economy, and the fiscal limits of your current tax structure.

As a political issue, economic development is

New York City has provided over $200 million in tax breaks and utility concessions to keep Chase Manhattan Bank in the city.

Business leaders believe that because their success is central to a state's economy, they ought to be treated as a public-interest rather than as a special-interest group.

Denver's new opera house, Chicago's Millennium Park, and St. Louis' Citygarden are examples of which of the following that frequently contribute to business-relocation decisions?

In some states, one successful partnership to stimulate economic development is between industries and universities.

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

Exam 14: Economic Development

Some believe that industry-university collaboration can mean future economic success, particularly in terms of bioscience.

State governments have largely tried to ignore business leaders, knowing that all they want to do is get government subsidies of some sort or another that has negligible public value.

According to the widely read book, The Rise of the Creative Class , economic development is driven by a demographic that seeks "cool cities." These cities have which of the following characteristics?

Providing business a role in governmental economic development planning and implementation efforts is

Second-wave economic development strategies are characterized as primarily depending

Once an economic development strategy is in place, the next challenge is trying to surmount the huge level of pushback that occurs from vested interests trying to resist change.

The United States was once a nation of diverse regional economies but, due to the power of the national economy, most state economies are fairly similar today.

Statistics show that between _________ and _________ percent of new jobs come from existing firms expanding in their home state and start-up businesses-not from relocating businesses.

Strategic planning is a useful tool for governments coping with economic development questions because it produces a

The second wave of community efforts to spur economic development came when the Federal Government stepped in to nationalize many industries outright.

The fourth wave of economic development and strategies emphasizes

Inherent in the concept of economic development is the belief that developing the economy of a state or community enhances the quality of life for its citizens and generates more revenues for the government.

Attracting the "Creative Class" has become an important goal of cities in their pursuit of economic development. Describe the creative class, what is meant by "cool cities" and how cities' and states' policies might help attract this demographic?

You are the economic development secretary for your governor who is running for re-election. Outline your five point plan for economic development that reflects the political culture of your state, the needs of the new economy, and the fiscal limits of your current tax structure.

As a political issue, economic development is

New York City has provided over $200 million in tax breaks and utility concessions to keep Chase Manhattan Bank in the city.

Business leaders believe that because their success is central to a state's economy, they ought to be treated as a public-interest rather than as a special-interest group.

Denver's new opera house, Chicago's Millennium Park, and St. Louis' Citygarden are examples of which of the following that frequently contribute to business-relocation decisions?

In some states, one successful partnership to stimulate economic development is between industries and universities.

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

Statistics show that between _ and _ percent of new jobs come from existing firms expanding in their home state and start-up businesses-not from relocating businesses.