The Case in Point on obesity argues that agricultural innovation led to:

A) the increase in the demand for food.
B) the increase in the supply of food.
C) higher food prices.
D) B and C occurred.

Ans: B) the increase in the supply of food.

Economics

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One of the tendencies that is common among firms regulated using rate of return regulation is to

A) increase production to an inefficient level. B) inflate the costs of production. C) incur an economic loss. D) understate the costs of production. E) overstate their total revenue.

Economics

Suppose that labor productivity in one economy is higher than it is in some other economy. Does that mean that the first economy is using its productive resources better than the second economy? Explain

What will be an ideal response?

Economics