Economists refer to knowledge "spillovers" that occur when companies in the same industry are located in the same area as:
A)technology flows.
B)overlaps.
C)corporate espionage.
D)externalities.

Question

Quizplus · Accepted Answer

According to Dunning,Silicon Valley has a location-specific advantage in the generation of knowledge related to the computer and semiconductor industries that comes from the sheer concentration of intellectual talent in this area,and arises from a network of informal contacts that allows firms to benefit from each others' knowledge generation.Economists refer to such knowledge "spillovers" as externalities.

Economists Refer to Knowledge "Spillovers" That Occur When Companies in the Same