The United States imports t-shirts from Asia.As a result,U.S.consumers pay ________ otherwise and Asian producers receive ________ otherwise.

Question

Quizplus · Accepted Answer

Importing t-shirts from Asia allows U.S. consumers to pay a lower price than they would if the t-shirts were produced domestically, due to lower production costs in Asia. Asian producers receive a higher price than they would if they only sold to their local market, due to the higher demand from the U.S. market.

The United States Imports T-Shirts from Asia