Who benefits from imports?

Name: Who benefits from imports?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Domestic consumers benefit from imports, as they have access to a wider variety of goods at potentially lower prices. Import competition also encourages domestic producers to become more efficient and innovative. While foreign consumers may also benefit from exports, that is not the focus of this question. The other options, domestic workers and producers, may potentially face job loss or decreased profits due to import competition.

Who Benefits from Imports