Question

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Open economies are good for consumers, too. If
the economy allows imports from abroad, there
will be a greater variety of goods available locally.
When products are available locally, imports of
the same products should help to keep prices
down and quality high. This is because local
companies will have to compete with foreign
companies, and more competition will mean
better quality and greater value for money.

Answer 1

Open economies are good for whom? Open economies are good for consumers, too.