As described in the text, which of the following statements best describes the strategy of many potato growers since 2005?
A) Growers have worked together to reduce supply and stabilize demand. As a result, equilibrium price has been propped up and allowed farmers to earn what they consider a decent profit.
B) Growers have continued to compete vigorously with each other, causing prices and profits to decrease.
C) Growers have restricted supply so much that there is now a severe shortage of potatoes in the United States.
D) because efforts by potato growers to restrict supply are illegal in the United States, they have focused exclusively on increasing demand to increase their profits.
A
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If $1 was equivalent to 120 Japanese yen in 2008 and 125 Japanese yen in 2010, it implies in 2010, there was:
a. a depreciation of the dollar against the yen. b. a depreciation of the yen against the dollar. c. an appreciation of the yen against the dollar. d. no change in the value of yen, but the dollar had weakened. e. no change in the value of dollar, but the yen had strengthened.
When the U.S. unemployment rate decreased in the late 1990s, all of the following decreased as well except
A. Income per capita. B. The poverty rate. C. Child abuse. D. None of the choices are correct.