An increase in the imports of clothing into the United States from India will benefit the _____ and hurt the _____.
A)U.S.clothing producers; Indian clothing producers
B)Indian consumers; Indian clothing producers
C)the U.S.consumers; Indian clothing producers
D)the U.S.consumers; the U.S.clothing producers

Question

Quizplus · Accepted Answer

An increase in imports of clothing from India will likely result in lower prices for U.S. consumers, which benefits them. However, it will hurt U.S. clothing producers as they will face increased competition from cheaper imports. Indian clothing producers are not impacted by this scenario as they benefit from increased exports to the United States. Indian consumers are also not directly impacted by this scenario.

An Increase in the Imports of Clothing into the United