The Coase Theorem works best when who owns the property rights?
A. consumers
B. government
C. does not matter
D. producers
Answer: C
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As of 2010, the World Bank classified a country as a low-income economy when its domestic per capita GDP fell below _____
a. $1000 b. $995 c. $675 d. $530 e. $475
If the rate of technical progress decreases, then the growth
A. of the labor force will decrease. B. of the capital stock will decrease. C. rate of potential GDP will decrease. D. rate of unemployment will decrease.
Suppose the domestic and foreign interest rates are both initially equal to 3%. Now suppose the domestic interest rate rises to 5%. Explain what effect this will have on the exchange rate. Also explain what must occur for the interest parity condition to be restored
What will be an ideal response?
If government purchases are $400 million, taxes are $700 million, and transfers are $200 million, which of the following is true?
A) Public saving is $500 million. B) The budget deficit is $100 million. C) The budget deficit is $500 million. D) Public saving is $100 million.