A consequence of increasing marginal costs of producing laptop computers in the United States is
A) the United States will not export laptop computers.
B) the United States will stop short of complete specialization in the production of laptop computers.
C) the United States will likely impose trade restrictions on imported laptop computers.
D) the United States will import laptop computers from countries that don't experience increasing marginal costs.
B
You might also like to view...
The unemployment rate equals
A) (number of people without a job ÷ population)× 100. B) (number of people without a job ÷ working-age population) × 100. C) [(working-age population - number of people employed) ÷ labor force] × 100. D) (number of people unemployed ÷ labor force) × 100. E) (number of people unemployed ÷ population) × 100.
Credit cards were introduced in 1959. In 2014, the U.S. credit card balance was $880 billion. Which of the following is TRUE?
A) The $880 billion balance is part of M2 but not part of M1. B) The $880 billion balance is part of both M1 and M2. C) Only that portion of the $800 billion actually charged in 2009 is counted in M1 and M2. D) No part of the $880 billion balance is counted in M1 and M2.