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) in Exhibit 192, If the World Price of Corn

Question 66

Multiple Choice

) ) In Exhibit 192, if the world price of corn is $2 and there are no traderestrictions, the United States will A) produce 3,000, consume 7,000, and import 4,000 bushels of corn B) produce 3,000, consume 7,000, and export 4,000 bushels of corn C) have an excess supply of corn D) be a net exporter of corn E) not produce any corn In Exhibit 192, if the world price of corn is $2 and there are no traderestrictions, the United States will

A) produce 3,000, consume 7,000, and import 4,000 bushels of corn
B) produce 3,000, consume 7,000, and export 4,000 bushels of corn
C) have an excess supply of corn
D) be a net exporter of corn
E) not produce any corn

Correct Answer: