Research by economists Bloom, Draca, and Van Reenen revealed that imports from China were associated with not only lower consumer goods prices, but also a cost of inputs for domestic firms, a(n) in the variety of products those domestic firms sold, and a(n) ___ in U.S. productivity.

Research by economists Bloom, Draca, and Van Reenen revealed that imports from China were associated with not only lower consumer goods prices, but that they also lower cost of inputs for domestic firms, a(n) increase in the variety of products those domestic firms sold, and a(n) rise in U.S. productivity.

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chilljain33 chilljain33 · Answer 2 · 2021-12-15T06:28:05+01:00

Chinese imports were associated with not only lower consumer goods prices but also low input cost, an increase in cost of goods sold by domestic firms and increase in US productivity.

Chinese imports were hugely impacted by their FTP

Economists like Bloom, Draca and Van Reenen made a detailed research on Chinese imports

By adopting this policy, China not only beat the scarcity of natural resources not available in their own land but also helped its citizens in getting greater quality products at lower costs of procurement

Hence the report by economists mentioned above mentions that China's approach towards import was hugely associated with lower cost of consumer goods along with increase in cost of goods sold by domestic firms and increase in US productivity.

To know more about Chinese import policies, please refer to the link below

https://brainly.com/question/7204912