Multiple Choice
Exhibit 19-3 
-In Exhibit 19-3, if the world price of corn is $6 and there are no trade restrictions, the United States will
A) produce 7,000, consume 3,000, and import 4,000 bushels of corn
B) produce 7,000, consume 3,000, and export 4,000 bushels of corn
C) have an excess demand for corn
D) be a net importer of corn
E) not produce any corn
Correct Answer:
Verified
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