U.S. farmers export canned sweet corn to Germany, which lowers the price to a German consumer by a few cents. The benefits to Germany of this international trade deal are ________.

Question

Quizplus · Accepted Answer

Since canned sweet corn is being exported to Germany, it is likely that the demand for it is higher than the domestic supply which would result in a price decrease for the German consumer. This benefits millions of German consumers who would save a few cents on a can of sweet corn. The benefits are not concentrated in the hands of a few farmers, nor is it nonexistent. However, the benefits may not be immeasurable since we can estimate the decrease in price and the number of German consumers that would benefit from it.

US Farmers Export Canned Sweet Corn to Germany, Which Lowers