Which of the Following Statements Is True

question 2

Multiple Choice

Which of the following statements is true?

• A)The U.S.Department of Agriculture has not established national regulations for the production of organic foods.
• B)Organic food is more nutritious than foods that contain conventionally-grown ingredients.
• C)A food label cannot include the organic symbol if it contains any detectable amount of nonorganic ingredients.
• D)A food cannot be labeled "organic" unless it meets certain government standards.

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Definitions:

Total Producer Surplus

The total benefit that producers receive from selling a good or service, measured as the difference between the market price and the minimum price producers are willing to accept.

Caitlin's Producer Surplus

The difference between what a producer (in this case, Caitlin) actually receives for selling a good and the minimum they would be willing to accept.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, measured by the area above the supply curve and below the market price.

Whitewater Rafting

A recreational outdoor activity which uses an inflatable raft to navigate through rough or whitewater rivers.