Which of the following groups gain from international trade?
i. Producers of exported goods
ii. Domestic consumers of imported goods
iii. Workers in exporting firms

Question

Quizplus · Accepted Answer

International trade benefits producers of exported goods because they gain access to larger markets, domestic consumers of imported goods because they have access to a wider variety of goods often at lower prices, and workers in exporting firms because increased demand for exports can lead to job creation and potentially higher wages.

Which of the Following Groups Gain from International Trade