1.The externalities that Jane Jacobs believes are important for successful urban
ID: 1165361 • Letter: 1
Question
1.The externalities that Jane Jacobs believes are important for successful urban development are associated with:
A.firms with some monopoly power
B.localization economies
C.a strong hinterland economy
D.diverse urban industries and competitive firms
E.the presence of one or two relatively important industry clusters
2. In an equilibrium in Tiebout's model, each community consists of people who
A. are equally distributed among income groups
B. are heterogeneous with respect to preferences
C. prefer to live elsewhere
D. have the same preferences
E. are about equal in number from one community to another
3. If all firms in a city have lower costs than elsewhere because of better public infrastructure, this is an example of
A. urban or agglomeration economies
B. dynamic localization economies
C. static localization economies
D. a stable equilibrium
E. neoclassical technical change
Explanation / Answer
1. The answer is “D”. 2. The answer is “D”. 3. The answer is “A”. With reference answer 3rd it can be said that agglomeration is combining the best available resources and infrastructure
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