The rapid growth of China's economy relative to the United States has benefitted U.S.consumers because
A)competition from China has made jobs harder to find in the United States.
B)U.S.consumers can purchase more lower-priced goods made in China.
C)the United States has comparative advantage in more goods than China does.
D)goods made in China are always of higher quality than goods made in the United States.

Question

Quizplus · Accepted Answer

The rapid growth of China's economy has meant that more lower-priced goods are available to U.S. consumers, which in turn has increased consumer purchasing power and affordability. This has benefited U.S. consumers who can now purchase a wider range of goods at lower prices due to the increased competition from China.

The Rapid Growth of China's Economy Relative to the United