ARE130_W09_MT01B_KEY_Parts_I_II

ARE130_W09_MT01B_KEY_Parts_I_II - ARE 130 Winter 2009 PRINT...

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ARE 130 – Winter 2009 Exam #1 - KEY PRINT Your Name: KEY 1. In California the specialty crops: a. started around 1850 and enjoyed steady growth b. started around 1900 and replaced the larger existing farms. c. started around 1930 as a result of the Great Depression d. started around 1940 as a result of demand from World War II 2. California produce such as prunes and fruits could enter the European markets because of: a. innovative trade agreements b. lack of production in Europe c. higher quality produce from California d. currency manipulations e. all of the above 3. A supply curve reveals a. the quantity of output consumers are willing to purchase at each possible market price. b. the difference between quantity demanded and quantity supplied at each price. c. the maximum level of output an industry can produce, regardless of price. d. the quantity of output that producers are willing to produce and sell at each possible market price. 4. From the readings, California agriculture relied on _______________________ for it growth in the early years: a. large-scale operations b. mechanization c. hired labor d. both a. and c. are correct. e. a. and b. and c. are all correct 5. The example in the reading for volume control of products was: a. cotton b. wheat c. raisins d. tomatoes e. none of the above 6. Thinking about Porter’s five forces, the reading suggest that cooperatives were used to compete with: a. Buyer power b. Seller power c. Threat of substitutes d. New entrants e. None of the above – Porter’s model does not apply acc715891a471407dc9748c1ae4084fded430b7f.docPage 1 of 4 I. Multiple-Choice Questions: _____ / 40 II. Fill-In Questions: _____ / 20 III. Problems: _____ / 20 IV. Short Answers: _____ / 20 Total: / 100
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ARE 130 – Winter 2009 Exam #1 - KEY 7. You are analyzing the demand for good X. Which of the following will result in a shift to the right of the demand curve for X? a.
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This note was uploaded on 05/03/2009 for the course ARE 130 taught by Professor Staff during the Winter '08 term at UC Davis.

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ARE130_W09_MT01B_KEY_Parts_I_II - ARE 130 Winter 2009 PRINT...

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