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) have an excess demand for corn
C) be a net importer of corn
D) not produce any corn
E) consume only a portion of what is produced
Correct Answer:
Verified
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