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Country X imports rice from the world market. Which of the following policy instruments, if adopted by its government, may result in a switch from
Country X imports rice from the world market. Which of the following policy instruments, if adopted by its government, may result in a switch from rice being imported to being exported?
a) An agricultural price ceiling that creates domestic excess demand
b) Taxing imports of agricultural inputs
c) An agricultural price support that includes the government selling any excess production to foreign buyers
d) Division of land holdings
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