The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. If imported rice is banned, the consumption distortion loss is equal to

Robert Mugabe is:

A. the president of Zimbabwe. B. the economist who invented inflation. C. the head of the World Bank. D. the chairperson of the Federal Reserve.

A good is non-rival in consumption if ________

A) one person's use of the good does not preclude consumption by others B) the government can regulate its production C) people cannot be prevented from using it D) the demand for the good increases with an increase in the consumer's income