Question 1

To gauge whether economic development subsidies are working as anticipated, states are encouraged to

Accepted Answer

A) build evaluation of incentives into policy and budget debates. 
B) use solid data and analysis to measure the economic impact of incentives. 
C) clarify the goals of incentives. 
D) All of these choices. 
A) build evaluation of incentives into policy and budget debates. 
B) use solid data and analysis to measure the economic impact of incentives. 
C) clarify the goals of incentives. 
D) All of these choices.

Question 2

The fourth wave of government-facilitated economic growth involves what some are calling a 'neo-socialism,' where a knowledge-based economy is combined with heavy governmental intervention in terms of high-tech infrastructure, health care, and social welfare programs.

Accepted Answer

A) True 
 B)False

Question 3

Economic development efforts have been described as having four waves. Discuss each, and note how each wave approaches economic development efforts differently. In doing so, speculate on the success of fourth wave efforts in the new economy.

Accepted Answer

The four waves of economic development e

Question 4

Travel and tourism are big businesses for many states, creating roughly $124 billion in tax revenue.

Accepted Answer

A) True 
 B)False

Question 5

Economies are dynamic. Which factors below are not considered leading indicators that can be combined into a useful index of economic momentum?

Accepted Answer

A) The personal income growth in a state 
B) The change in unemployment rates 
C) The number of new babies born each year 
D) The level of population change 
A) The personal income growth in a state 
B) The change in unemployment rates 
C) The number of new babies born each year 
D) The level of population change

Question 6

Some local governments have adopted an approach to economic development called linkaging, in which

Accepted Answer

A) they use large-scale commercial development projects to accomplish social objectives. 
B) those who profit as developers must agree to share profits with the campaign war chest of local officials. 
C) local government and developers share in the cost of projects. 
D) local government treasuries share in the developers' profit. 
A) they use large-scale commercial development projects to accomplish social objectives. 
B) those who profit as developers must agree to share profits with the campaign war chest of local officials. 
C) local government and developers share in the cost of projects. 
D) local government treasuries share in the developers' profit.

Question 7

One recent study on the impact of sports stadiums on local economies found that the stadiums had notable positive effects on jobs and development; stimulating a wide cross-section of professional service and entertainment/restaurant-related jobs.

Accepted Answer

A) True 
 B)False

Question 8

If a city or state aggressively recruited industrial businesses with tax breaks, public subsidies, and low wages, it was said to be engaged in what activity?

Accepted Answer

A) Venture capital 
B) Small-business incubation 
C) Enterprise zoning 
D) Smokestack chasing 
A) Venture capital 
B) Small-business incubation 
C) Enterprise zoning 
D) Smokestack chasing

Question 9

Geographically concentrated firms that compete and trade with each other and have similar needs are called?

Accepted Answer

A) Enterprise zones 
B) Clusters 
C) Start-ups 
D) Small business incubators 
A) Enterprise zones 
B) Clusters 
C) Start-ups 
D) Small business incubators

Question 10

After a bidding war among four states, Volvo selected South Carolina as the site of its new $500 million factory after receiving $200 million in state incentives.

Accepted Answer

A) True 
 B)False

Question 11

State government is involved in promoting states as a place for foreign investment. According to the U.S. Bureau of the Census,

Accepted Answer

A) the value of foreign-owned property, plants, and equipment in the states has been overstated. 
B) more than 5.5 million jobs are a direct result of foreign investment. 
C) California ranks at the bottom with respect to jobs that result from foreign investment. 
D) the enactment of the North American Free Trade Agreement (NAFT
A) has increased foreign investment in the United States because of the low cost of labor and the support of American labor unions and their workers. 
A) the value of foreign-owned property, plants, and equipment in the states has been overstated. 
B) more than 5.5 million jobs are a direct result of foreign investment. 
C) California ranks at the bottom with respect to jobs that result from foreign investment. 
D) the enactment of the North American Free Trade Agreement (NAFT
A) has increased foreign investment in the United States because of the low cost of labor and the support of American labor unions and their workers.

Question 12

Clawbacks are requirements that firms repay a government for any subsidies they receive if the firms fail to deliver on their promises.

Accepted Answer

A) True 
 B)False

Question 13

While some have strongly criticized states for spending too much money and making too many concessions to attract industry, most jurisdictions support strong incentives as necessary to grow jobs because they cannot afford not to do so.

Accepted Answer

A) True 
 B)False

Question 14

According to U.S. Travel Association figures, spending by travelers (tourism)is around $813 billion annually in 2011 and finances 7.5 million jobs.

Accepted Answer

A) True 
 B)False

Question 15

A number of states are using travel and tourism as economic promotional tools. This strategy is especially appealing because

Accepted Answer

A) tourists are virtually captive spenders who will pay the taxes assessed because they have no choice. 
B) the nation's population is aging with more time and money to travel. 
C) tourism provides many decent jobs for non-college educated workforce. 
D) All of these choices. 
A) tourists are virtually captive spenders who will pay the taxes assessed because they have no choice. 
B) the nation's population is aging with more time and money to travel. 
C) tourism provides many decent jobs for non-college educated workforce. 
D) All of these choices.

To gauge whether economic development subsidies are working as anticipated, states are encouraged to

The fourth wave of government-facilitated economic growth involves what some are calling a 'neo-socialism,' where a knowledge-based economy is combined with heavy governmental intervention in terms of high-tech infrastructure, health care, and social welfare programs.

Economic development efforts have been described as having four waves. Discuss each, and note how each wave approaches economic development efforts differently. In doing so, speculate on the success of fourth wave efforts in the new economy.

Travel and tourism are big businesses for many states, creating roughly $124 billion in tax revenue.

Economies are dynamic. Which factors below are not considered leading indicators that can be combined into a useful index of economic momentum?

Some local governments have adopted an approach to economic development called linkaging, in which

One recent study on the impact of sports stadiums on local economies found that the stadiums had notable positive effects on jobs and development; stimulating a wide cross-section of professional service and entertainment/restaurant-related jobs.

If a city or state aggressively recruited industrial businesses with tax breaks, public subsidies, and low wages, it was said to be engaged in what activity?

Geographically concentrated firms that compete and trade with each other and have similar needs are called?

After a bidding war among four states, Volvo selected South Carolina as the site of its new $500 million factory after receiving $200 million in state incentives.

State government is involved in promoting states as a place for foreign investment. According to the U.S. Bureau of the Census,

Clawbacks are requirements that firms repay a government for any subsidies they receive if the firms fail to deliver on their promises.

While some have strongly criticized states for spending too much money and making too many concessions to attract industry, most jurisdictions support strong incentives as necessary to grow jobs because they cannot afford not to do so.

According to U.S. Travel Association figures, spending by travelers (tourism)is around $813 billion annually in 2011 and finances 7.5 million jobs.

A number of states are using travel and tourism as economic promotional tools. This strategy is especially appealing because

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

To gauge whether economic development subsidies are working as anticipated, states are encouraged to

The fourth wave of government-facilitated economic growth involves what some are calling a 'neo-socialism,' where a knowledge-based economy is combined with heavy governmental intervention in terms of high-tech infrastructure, health care, and social welfare programs.

Economic development efforts have been described as having four waves. Discuss each, and note how each wave approaches economic development efforts differently. In doing so, speculate on the success of fourth wave efforts in the new economy.

Travel and tourism are big businesses for many states, creating roughly $124 billion in tax revenue.

Economies are dynamic. Which factors below are not considered leading indicators that can be combined into a useful index of economic momentum?

Some local governments have adopted an approach to economic development called linkaging, in which

One recent study on the impact of sports stadiums on local economies found that the stadiums had notable positive effects on jobs and development; stimulating a wide cross-section of professional service and entertainment/restaurant-related jobs.

If a city or state aggressively recruited industrial businesses with tax breaks, public subsidies, and low wages, it was said to be engaged in what activity?

Geographically concentrated firms that compete and trade with each other and have similar needs are called?

After a bidding war among four states, Volvo selected South Carolina as the site of its new $500 million factory after receiving $200 million in state incentives.

State government is involved in promoting states as a place for foreign investment. According to the U.S. Bureau of the Census,

Clawbacks are requirements that firms repay a government for any subsidies they receive if the firms fail to deliver on their promises.

While some have strongly criticized states for spending too much money and making too many concessions to attract industry, most jurisdictions support strong incentives as necessary to grow jobs because they cannot afford not to do so.

According to U.S. Travel Association figures, spending by travelers (tourism)is around $813 billion annually in 2011 and finances 7.5 million jobs.

A number of states are using travel and tourism as economic promotional tools. This strategy is especially appealing because

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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