35. The United States was unable to maintain its dominance in the production of televisions because: When television production required highly paid and highly skilled workers, the United States had a comparative advantage in television production, but once production became automated, lower skilled low-wage workers could produce televisions at less cost. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost
35. The United States was unable to maintain its dominance in the production of televisions because: When television production required highly paid and highly skilled workers, the United States had a comparative advantage in television production, but once production became automated, lower skilled low-wage workers could produce televisions at less cost. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost
Test-Bank-Principles-of-Economics-5th-Edition-Frank.docx