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Exhibit 17-3 -In Exhibit 17-3,if the World Price of Corn Is $6

Question 69

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Exhibit 17-3 Exhibit 17-3 -In Exhibit 17-3,if the world price of corn is $6 and there are no trade restrictions,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 17-3,if the world price of corn is $6 and there are no trade restrictions,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

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