Compared to the situation before international trade, after the United States imports a good, then production in the United States ________ and consumption in the United States ________.

Question

Quizplus · Accepted Answer

When the United States imports a good, domestic production typically decreases because the good is being produced more efficiently elsewhere. However, consumption in the United States increases because imports allow consumers access to more goods, often at lower prices.

Compared to the Situation Before International Trade, After the United