The higher the insurance coverage, the ________ the policyholder can gain from risky activities that make an insurance payoff ________ likely

Refer to the figure above. If Lithasia does not engage in international trade, what is the domestic production of pens?

A) 0 units B) 6 units C) 12 units D) 16 units

Which of the following statements is correct?

A. The price support program hastened the exodus of resources from agriculture. B. The main beneficiaries of government price support assistance were the very low-income farmers. C. If the demand for agricultural products is inelastic, a relatively small decrease in supply will increase gross farm incomes. D. There is a misallocation of resources in rural America because of absolute and relative increases in the size of the farm population.