Silicon Valley

What economic role does venture capital often play in technology clusters?

• Operating national parks
• Managing state elections
• Financing high-risk, high-growth firms
• Supplying irrigation water

Which is a common economic spillover from research universities?

• Fewer transport links
• Skilled graduates, research partnerships, patents, and startups
• Elimination of private firms
• Lower mountain elevations

What does Silicon Valley illustrate about regional development?

• Technology requires geographic isolation.
• Labor markets do not affect industry clusters.
• An innovation ecosystem can link firms, investors, universities, and skilled workers.
• Research has no role in business growth.