Graph 10-2 This Graph Reflects the Market for Kiwifruit, Where

question 43

Multiple Choice

Graph 10-2
This graph reflects the market for kiwifruit, where pesticide used by kiwifruit orchardists also unintentionally kills honey bees.
-Refer to Graph 10-2. The social cost curve is above the supply curve because:

• A) it takes into account the external costs imposed on society by the kiwifruit farmers
• B) honeybees are also a cost to society
• C) kiwifruits are likely to cost more than growing the kiwifruit costs the organisers
• D) workers on kiwifruit orchards also benefit from the job opportunities

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Definitions:

Theory Z

A management philosophy that integrates Japanese and American business practices, emphasizing employee participation, job security, and company loyalty.