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:

Constitutional Law

The body of law that defines the role, powers, and structure of different entities within a state, notably, the executive, the legislature, and the judiciary.

Criminal Law

A body of laws that relates to crime and prescribes conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people inclusive of one's self.

Securities Trading

The buying and selling of securities such as stocks, bonds, and mutual funds in the financial market.

Imprisonment

The state of being confined in prison as a punishment for a crime or while awaiting trial.