The combination of low income elasticity of demand for food and high agricultural productivity leads to the demand for food increasing and the supply of food increasing even more, which has lead to rising prices of food

Coinsurance reduces moral hazard in exactly the same way as

A) limits on insurance. B) risk-based premiums. C) deductibles. D) restrictive provisions.

If a firm shuts down in the short run, it will:

A. incur losses equal to its fixed costs. B. have total revenue greater than total fixed costs. C. reduce its losses to zero. D. do this because P > AVC.