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4 International trade and the global economy

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Question 79

Shoppers in Merrow can choose between locally made woollen blankets and blankets imported from abroad. Overseas producers use fewer resources to make each blanket than Merrow's producers do. What is the main potential benefit for consumers?

[1]
A

Consumers may pay lower prices because money spent on imported blankets stays in Merrow

B

Consumers may earn higher wages because imports create more blanket-making jobs in Merrow

C

Consumers may buy better blankets because local makers no longer face any rivals

D

Consumers may pay lower prices because imported blankets increase competition

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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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