The Coase theorem relies on internalizing externalities through ________
A) social enforcement mechanisms
B) the provision of corrective subsidies
C) the imposition of corrective taxes
D) negotiations between the parties involved
D
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Abercrombie & Fitch wants to raise $8 million to finance the construction of a new store, and the company wishes to raise the funds through direct finance. Which of the following methods could it use?
A) It could sell $8 million in bonds. B) It could borrow $8 million from a bank. C) It could issue $8 million in stocks. D) It could choose either A or C.
Monetary policy in the European Monetary Union is determined by
A) the Bundesbank. B) the European Union Senate. C) the European Central Bank. D) None of the above.
According to Williamson and Lindert, during the antebellum period increasing wealth concentration occurred in the U.S
a. within regions. b. within age groups. c. among the native born. d. among the foreign born. e. All of the above.
Microeconomics is best described as the study of
A. the nation's economy as a whole. B. the relationship between inflation and wage inequality. C. very large issues. D. the choices made by individual households, firms, and governments.