Industries where the US has a comparative disadvantage lead toLower exports and the domestic industry shrinkingGreater imports and the domestic industry shrinkingGreater exports and the domestic industry shrinkingLower imports and the domestic industry shrinking US generally has a comparative advantage in industries withLittle use of technology, capital, and highly educated labourA high use of technology, capital, and highly educated labourA high proportion of low-skilled labour and technologyA high use of capital and low-skilled labour

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Industries where the US has a comparative disadvantage lead to O Lower exports and the domestic industry shrinking Greater imports and the domestic industry shrinking Greater exports and the domestic industry shrinking Lower imports and the domestic industry shrinking

Industries where the US has a comparative disadvantage lead to O Lower exports and the domestic industry shrinking Greater imports and the domestic industry shrinking Greater exports and the domestic industry shrinking Lower imports and the domestic industry shrinking

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Industries where the US has a comparative disadvantage lead to
Lower exports and the domestic industry shrinking
Greater imports and the domestic industry shrinking
Greater exports and the domestic industry shrinking
Lower imports and the domestic industry shrinking

US generally has a comparative advantage in industries with
Little use of technology, capital, and highly educated labour
A high use of technology, capital, and highly educated labour
A high proportion of low-skilled labour and technology
A high use of capital and low-skilled labour

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