Which of the Following Would Increase the Supply of Laptop

question 248

Multiple Choice

Which of the following would increase the supply of laptop computers?

• A) Higher wage rates for the workers that produce laptop computers.
• B) A technological improvement that lowers the cost of producing laptop computers.
• C) An increase in the price of computer chips used to produce laptop computers.
• D) All of these.

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Definitions:

Capital Spending

Expenditure by businesses on physical assets like buildings, machinery, and equipment to enhance their capacity or efficiency.

Privatization

The process of turning government enterprises into private enterprises.

U.S. Economy

The economic system of the United States, characterized by a mixed economy with private freedom combined with centralized economic planning and government regulation.

Marginal Propensity

The proportion of an additional amount of income that is used for consumer spending. It's a key concept in understanding how income changes affect spending.