Consumers of imported goods are _________ as a result of trade and consumers of exported goods are _________ as a result of trade.

Question

Quizplus · Accepted Answer

Consumers of imported goods benefit from trade as they have access to a wider variety of goods at potentially lower prices, making them winners. Conversely, consumers of exported goods may face higher prices or reduced availability of those goods domestically, making them losers.

Consumers of Imported Goods Are _________ as a Result of Trade