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Exhibit 19-1 -In Exhibit 19-1,if the World Price of Corn Is $2

Question 73

Multiple Choice

Exhibit 19-1
Exhibit 19-1 -In Exhibit 19-1,if the world price of corn is $2 and there are no trade restrictions,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 19-1,if the world price of corn is $2 and there are no trade restrictions,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: