) in Exhibit 19­2, If the World Price of Corn

question 6

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)produce 7,000, consume 3,000, and export 4,000 bushels of corn
• C)have an excess demand for corn
• D)be a net importer of corn
• E)not produce any corn

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