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Economics
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Economics
To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ?
A
The price of radios in Mexico equals $60 and its imports equal 30 radios
Option A
The price of radios in Mexico equals $30 and its imports equal 30 radios
Correct answer
C
The price of radios in Mexico equals $40 and its imports equals 20 radios
Option C
D
Th price of radios in Mexico equals $20 and its imports equal 40 radios
Option D
Correct answer: B
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