Industrial Policy: Concepts and Principles Quiz
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Questions and Answers

What is the main focus of industrial policy?

  • Promoting agricultural development
  • Improving healthcare facilities
  • Enhancing transportation networks
  • Fostering industrial development (correct)

    • What are the economic rationales for industrial policy?

  • To decrease employment opportunities
  • To reduce government intervention in the economy
  • To increase competition among industries
  • To correct market failures and promote economic growth (correct)

    • Does industrial policy work?

  • Yes, it always leads to economic prosperity
  • It depends on the specific context and implementation (correct)
  • Only when there is no government intervention
  • No, it has never been effective

    • What are the principles of 'Smart' industrial policy?

    <p>Adaptability and flexibility based on industry needs</p> Signup and view all the answers

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