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Exhibit 19-3 in Exhibit 19-3, If the World Price

Question 67

Multiple Choice

Exhibit 19-3 Exhibit 19-3 In Exhibit 19-3, if the world price of corn is $2 and there are no trade restrictions, the United States will A) produce 3, 000, consume 7, 000, and export 2, 000 bushels of corn B) have an excess supply of corn C) be a net exporter of corn D) not produce any corn E) consume all of the corn that it produces In Exhibit 19-3, if the world price of corn is $2 and there are no trade restrictions, the United States will


A) produce 3, 000, consume 7, 000, and export 2, 000 bushels of corn
B) have an excess supply of corn
C) be a net exporter of corn
D) not produce any corn
E) consume all of the corn that it produces

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