In Which of the Following Cases Is It Likely That

question 3

Multiple Choice

In which of the following cases is it likely that the entire U.S.domestic demand for corn is met through imports?

• A)The price of corn in the rest of the world is equal to the domestic price of corn in the U.S.
• B)The uniform world price of corn is less than the minimum price at which the U.S.producers are willing to supply.
• C)The price of corn in the rest of the world exceeds the domestic U.S.price of corn.
• D)The uniform world price of corn exceeds the cost of U.S.production of corn.

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