If Computers Become Easier to Produce Because of Technological Improvements

question 91

True/False

If computers become easier to produce because of technological improvements, then producing more computers will mean a larger trade-off in the production of other goods.

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Definitions:

Output Market

Marketplaces where finished goods or services are sold to consumers, as opposed to input markets where raw materials are bought.

Consumers

Individuals or entities that purchase goods or services for personal use, not for manufacture or resale.

Firms

Business entities that produce goods or provide services with the aim of making a profit.

Entrepreneur

An individual who creates, organizes, and operates a business or businesses, taking on financial risk to do so.