Technological changes have changed production worldwide toward the application of computers to manufacturing processes. How does this affect countries that have a comparative advantage in the production of high-tech equipment, such as the United States? Responses U.S. exports will rise because of an increased demand for high-tech equipment. U.S. exports will rise because of an increased demand for high-tech equipment. U.S. high-tech equipment manufacturers will face increased competition. U.S. high-tech equipment manufacturers will face increased competition. U.S. imports will rise because the increased demand for high-tech equipment will require an increase in raw materials and other inputs. U.S. imports will rise because the increased demand for high-tech equipment will require an increase in raw materials and other inputs. In the U.S., the cost of producing high-tech equipment will rise because of greater demand.
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Technological advancements, particularly in computers and automation, enhance manufacturing efficiency and productivity. Show more…
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