Multiple Choice
Technological changes have changed production worldwide toward the application of Jcomputers to manufacturing processes. How does this affect countries that have a
Jcomparative advantage in the production of high-tech equipment, such as the United States?
A) U.S. high-tech equipment manufacturers will face increased competition.
B) U.S. exports will rise because of an increased demand for high-tech equipment.
C) In the U.S., the cost of producing high-tech equipment will rise because of greater demand.
D) U.S. imports will rise because the increased demand for high-tech equipment will require an increase in raw materials and other inputs.
Correct Answer:
Verified
Correct Answer:
Verified
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