Topic

Economic Diversification

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Quizzes in Economic Diversification

U.S. Economy

What does Colorado’s shift from extractive mining districts toward tourism and knowledge industries illustrate?

Economic autarky
Path transition and economic diversification
Complete de-urbanization
Permanent sector lock-in

Correct answer(s):

Path transition and economic diversification

U.S. Economy

What is one advantage of Colorado having a diversified economy?

No region can specialize
A downturn in one sector may have less effect on the entire state
Every sector must grow at the same rate
Economic shocks become impossible

Correct answer(s):

A downturn in one sector may have less effect on the entire state