Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please explain well! :) 1. (15 pts) Over a hundred cities bid for Amazon's second headquarters. The winners, New York City and Crystal City, Virginia,

Please explain well! :)

image text in transcribed
1. (15 pts) Over a hundred cities bid for Amazon's second headquarters. The winners, New York City and Crystal City, Virginia, were reported to have given out millions of dollars of subsidies or tax breaks to Amazon. Policies that aim at promoting economic development in a certain region is often called \"place-based policies.\" (a) (5 pts) Proponents of place-based policies often cite \"local job mutiplier\" as a reason to support such policies. Explain, in less than 50 words, what is the \"local job multiplier?\" (b) (5 pts) Explain how the existence of local agglomeration economics could be a reason to support such policies? (c) (5 pts) List at least 3 arguments against such location-based policies. Explain briey

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Principles of Economics

Authors: Fred M. Gottheil

7th edition

978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437

Students also viewed these Economics questions