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
Q25: An increase in the U.S. GDP will
Q33: A lower price level in the United
Q41: All other things unchanged, an decrease in
Q42: Suppose that a change in trade policies
Q46: Suppose the U.S. is a major importer
Q48: All other things unchanged, what happens if
Q49: The U.S. and Canada are major trading
Q52: Changes in net exports caused by changes
Q54: All other things unchanged, a recession in
Q57: A reduction in net exports, all other
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents