When the United States imports goods from the rest of the world, which of the following parties is harmed?
I. domestic producers of the good ii. domestic consumers of the good iii. foreign producers of the good

Question

Quizplus · Accepted Answer

Domestic producers of the good are harmed because they face increased competition from imported goods, which can lead to reduced market share and lower prices for their products.

When the United States Imports Goods from the Rest of the World