Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).Recall the Application. Prior to the federal marketing order in 1987, why were the California kiwifruit more likely to be sour?
A. It was less expensive to harvest the fruit when it was still immature.
B. It was more expensive to harvest the fruit when it was still immature.
C. The trees were still young and did not bear good fruit.
D. The California kiwifruit that were sweet were sold to Canada.
Answer: A
You might also like to view...
Of the following U.S. demographic groups, which tends to have the lowest rate of unemployment?
A) whites B) blacks C) white teenagers D) black teenagers
In the long run, in a monopolistically competitive market, price will be
A) equal to MR. B) equal to MC. C) greater ATC. D) equal to ATC.
Suppose that in the economy of Idaho, Amy earns an income of $50,000 a year and pays $10,000 in income taxes; Bailey earns an income of $25,000 a year and pays $8,000 in income taxes. Based on this information, we could say that Idaho's tax system is
A. progressive. B. regressive. C. flat. D. proportional.
The owner of a sole proprietorship has
a. unlimited liability: if the firm goes bankrupt, the owner is liable for all debts. b. unlimited liability: if the firm goes bankrupt, the owner is liable for the amount of the investment. c. limited liability: if the firm goes bankrupt, the owner does not have to pay. d. unlimited liability: if the firm goes bankrupt, the owner is liable for the amount of the fixed assets only.