3333EconomicsMedium
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?
ATh price of radios in Mexico equals $20 and its imports equal 40 radios
BThe price of radios in Mexico equals $60 and its imports equal 30 radios
CThe price of radios in Mexico equals $40 and its imports equals 20 radios
DThe price of radios in Mexico equals $30 and its imports equal 30 radios
Correct answer
D. The price of radios in Mexico equals $30 and its imports equal 30 radios
Explanation
The correct answer is The price of radios in Mexico equals $30 and its imports equal 30 radios.