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Exhibit 17-3 -In Exhibit 17-3,if the World Price of Corn Is $2

Question 72

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Exhibit 17-3 Exhibit 17-3 -In Exhibit 17-3,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 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 17-3,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 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

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