Question: 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! :)

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

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