The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following statements, in the context of U.S. exports, is true?

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Which of the following statements, in the context of U.S. exports, is true?

Quizplus · Accepted Answer

From the table, we can observe that at higher prices, the quantity supplied of computers in the U.S. is higher than the quantity demanded, indicating that the U.S. has a comparative advantage in producing computers. Since computers are a high-tech product, it can be inferred that most U.S. exports are produced in high-wage industries.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity