Domestic producers of imported goods are _____ impacted, and domestic consumers of imported goods are _____ impacted.

Question

Quizplus · Accepted Answer

Domestic producers of imported goods are negatively impacted because imports can provide the same goods at lower prices, reducing the demand for domestically produced goods. On the other hand, domestic consumers of imported goods are positively impacted as they benefit from lower prices and a wider variety of goods.

Domestic Producers of Imported Goods Are _____ Impacted, and Domestic