The figure given below represents the domestic market for wheat in a small country. Imports of wheat are prohibited. 
The cost to the government of paying the subsidy is:
A) $1.2 billion.
B) $3 billion.
C) $600 million.
D) $2.2 billion.
Correct Answer:
Verified
Q15: The figure given below represents the domestic
Q16: Which of the following is said to
Q17: Which of the following statements about an
Q18: Which of the following is NOT a
Q19: Which of the following statements about dumping
Q21: The figure given below represents the U.S.
Q22: Consider firm X belongs to country A
Q23: Which of the following subsidies is prohibited
Q24: An export subsidy can be good for
Q25: Aggressive competition in the foreign market through
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