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In Exhibit 192, If the World Price of Corn Is

Question 63

Multiple Choice

In Exhibit 192, if the world price of corn is $6 and there are no traderestrictions, 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 In Exhibit 192, if the world price of corn is $6 and there are no traderestrictions, 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: