Technological Changes Have Changed Production Worldwide Toward the Application of

question 30

Multiple Choice

Technological changes have changed production worldwide toward the application of
Computers to manufacturing processes. How does this affect countries that have a
Comparative 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.

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Definitions:

Imitation

The action of copying or reproducing someone else’s behavior, actions, or expressions, often as a method of learning or social interaction.

Encode

The process of converting information into a form that can be stored in the memory, such as transforming thoughts into language.

Symbolically Represent

The act of using symbols or symbolic actions to convey deeper meanings or abstract concepts.

Observed Behavior

The actions or reactions of an individual or group that are visible and can be recorded or noted.