Recall the Application About the Decline in Honeybee Colonies and Its

question 159

Multiple Choice

Recall the Application about the decline in honeybee colonies and its effect on the price of ice cream to answer the following question(s) . In the last few years thousands of honeybee colonies have vanished, a result of bee colony collapse disorder (CCD) . Roughly one third of the U.S. food supply--including a wide variety of fruits, vegetables, and nuts--depends on pollination from bees. The decline of honeybees threatens $15 billion worth of crops in the United States.
-According to this Application, the decline in honeybee colonies has caused ________ of fruits and nuts used in ice cream production.

• A) a decrease in the supply
• B) an increase in the supply
• C) an increase in the demand
• D) a decrease in the demand

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Definitions:

Tangible Capital

Assets that have a physical form such as machinery, buildings, and land, which are used in the production of goods or services.

Inventory

This term describes the total amount of goods or materials a business has on hand at any given time.

Capital Goods

Assets with a long lifespan that are employed in the creation of goods and services, including machinery, equipment, and buildings.

Economic System

The structure and methods by which a society decides on the allocation of resources and distribution of goods and services.