Which of the following is a benefit of importing goods and services?

• A. Decrease in consumer choice
• B. Reduction in international trade
• C. Increase in domestic monopolies
• D. Access to a greater variety of products

Answer: (D)

Verified step by step guidance

1. Understand the concept of importing goods and services: Importing allows a country to buy products from other countries rather than producing everything domestically.
2. Recognize that importing increases the variety of goods and services available to consumers because products from different countries often differ in type, quality, and price.
3. Analyze the options given: a decrease in consumer choice would be the opposite effect of importing, so it is not a benefit.
4. Consider that reduction in international trade contradicts the idea of importing, which actually increases international trade.
5. Note that an increase in domestic monopolies is unlikely to result from importing, as imports typically increase competition, benefiting consumers with more options.