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

Question 72

Multiple Choice

Exhibit 19-3 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 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

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