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Economics Mcqs
Q
In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?
AA. Grain prices would rise in the soviet union
BB. Consumer surplus would decrease for the soviets
CC. Grains prices would rise in the united states
DD. Export revenues would decrease for u.s producers
Correct Answer:
C. C. Grains prices would rise in the united states
