Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In regards to employment multiplier and in the case of automobile production, there are backward linkages to industries that produce tires, glass for windshields, and

In regards to employment multiplier and in the case of automobile production, there are backward linkages to industries that produce tires, glass for windshields, and steel for automobile frames (among many others). Alternatively, forward linkages occur when automobile workers (and suppliers' employees) spend their income in restaurants and retail stores and at the doctor

According to class discussions the above statement

Select one:

a.

is NOT a reasonable example of backward and forward linkages

b.

is a good example of forward and backward linkages

c.

the statement needs to be modified to reflect the final GDP count

d.

none of the above statement is true about forward and backward linkages

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing

Authors: John McMurry, Robert Fay

13th Edition

125973806X, 9781259738067

More Books

Students also viewed these Economics questions