A Consequence of Increasing Marginal Costs of Producing Laptop Computers

question 147

Multiple Choice

A consequence of increasing marginal costs of producing laptop computers in the United States is

• A)the United States will import laptop computers from countries that don't experience increasing marginal costs.
• B)the United States will stop short of complete specialization in the production of laptop computers.
• C)the United States will not export laptop computers.
• D)the United States will likely impose trade restrictions on imported laptop computers.

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Definitions:

Group Selection

A theoretical evolutionary process that argues for the selection of traits beneficial to a group, rather than individuals.

Biologists

Scientists who study living organisms and their interaction with the environment, covering various fields from marine biology to genetics.

Delay of Gratification

The ability or process of resisting the temptation of an immediate reward in preference for a later, often greater reward.

Time Trade-offs

The decision-making process in which individuals allocate their time among various activities, often involving compromises due to limited time resources.