Which of the following is correct about imports of goods and services from abroad?
A) Imports of goods and services increases the price for domestic consumers.
B) Imports of goods and services does not change the price for domestic consumers.
C) Imports of goods and services decreases the price for domestic consumers.
D) It is impossible to tell without additional information.

Question

Quizplus · Accepted Answer

Imports of goods and services can decrease the price for domestic consumers by introducing competition, which often leads to lower prices for similar domestic products.

Which of the Following Is Correct About Imports of Goods