Agricultural price supports are

An example of moral hazard is

a. people drive as carefully in icy conditions with antilock brakes as without b. people drive as safely with more airbags as without c. football players with safer helmets 'spear' with their heads more often when tackling d. people read the medicine warnings as carefully when self-medicating as with a doctor's prescription

The process by which individuals limit their productive efforts to a particular activity instead of trying to produce directly everything that they need is known as

a. specialization. b. using absolute advantage. c. using exchange. d. scarcity.