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If the United States does NOT have a comparative advantage in producing smart phones, what would be a consequence of the United States adopting a
If the United States does NOT have a comparative advantage in producing smart phones, what would be a consequence of the United States adopting a policy of reducing or eliminating imports of smart phones? a. The price of smart phones in the United States will fall. b. The real incomes of American smart phone consumers would rise, but the real incomes of American smart phone producers would fall. c. The United States will be able to consume a combination of smart phones and other goods beyond their domestic production possibilities curve. d. The real incomes of American smart phone producers would rise, but the real incomes of American smart phone consumers would fall
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