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) in Exhibit 192, If the World Price of Corn

Question 64

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 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 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 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

Correct Answer: