Which of the following goods probably has the lowest (absolute value) short-run price elasticity of demand?

Which of the following explains the shape of the short-run aggregate supply curve?

a. The inverse relationship between the quantity supplied and the cost per b. The direct relationship between the quantity supplied and the cost per unit c. The direct relationship between the quantity supplied and the price level d. The inverse relationship between quantity supplied and GDP e. The inverse relationship between quantity supplied and the profit per unit

If an individual is less careful about avoiding accidents or illness because she has health insurance, this is an example of:

A. the free-rider problem. B. the moral hazard problem. C. the adverse selection problem. D. the Coase theorem.