If the United States’ wheat exports drop, the effect on the global economy is that

Question

(1 point)
Responses

the price of wheat goes up.
the price of wheat goes up.

the price of wheat goes down.
the price of wheat goes down.

the price of wheat does not change.
the price of wheat does not change.

the potential for a recession is created.

Answer 1

If the United States' wheat exports drop, the effect on the global economy is that the price of wheat goes up.

This is because a decrease in supply from a major exporter like the U.S. would typically lead to increased prices in the global market, assuming demand remains constant.