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Economics
MEDIUM
ENGLISH
Economics
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?
A
Grain prices would rise in the Soviet union
Option A
B
Consumer surplus would decrease for the soviets
Option B
Grains prices would rise in the united States
Correct answer
D
Export revenues would decrease for U.S producers
Option D
Correct answer: C
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