With free trade between China and the United States, the winners are ___________ and the losers are _______
A. U.S. consumers of U.S. imports; U.S. producers of the U.S. import good
B. China's consumers of China's imports; China's producers of its export good
C. U.S. producers of the U.S. export good; U.S. consumers of U.S. imports
D. China's consumers of China's export good; China's producers of its imported good
A Figure 8.3 in the text shows that the U.S. price of the imported good falls, so that U.S. consumers win and U.S. producers lose.
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