The above figure shows the market for rice in Japan. S represents the domestic supply curve, and the horizontal line at P =1 represents the world supply curve. If imported rice is banned, the loss in social welfare is

The GDP deflator provides a measure of which of the following?

A) the ratio of GDP to the size of the population B) the ratio of GDP to the number of workers employed C) the ratio of nominal GDP to real GDP D) the price of a typical consumer's basket of goods E) real GDP divided by the aggregate price level

What effect does the increase of the price of corn have on the cost curves of a firm producing items like corn-based cereal or tortillas?

Please provide the best answer for the statement.