The Coase Theorem points out that for an efficient outcome to result, it is irrelevant which party receives the property rights
Indicate whether the statement is true or false
TRUE
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Producer surplus is the amount a seller receives for a good or service
Indicate whether the statement is true or false
The relationship between the rate of saving and per capita real GDP is
A) positive. B) negative. C) constant. D) not stable.
According to Milton Friedman, there are two Phillips curves, a short-run one and a long-run one
Indicate whether the statement is true or false
Which of the following would increase gross private domestic investment in an economy?
A) an increase in the shares of Apple stock households own B) an increase in the number of workers Apple hires C) an increase in the level of Apple's inventory D) an increase in the number of highway construction projects the government is funding