According to the Coase theorem, if bargaining costs are small, then there will be an efficient solution to the problem of toxic waste
a. if the creator of the toxic waste is assigned the property rights
b. if the victim of toxic waste is assigned the property rights
c. regardless of which party is assigned the property rights
d. if the property rights are shared equally between the creator and the victim of toxic waste
e. in the form of a pollution tax
C
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A British investor buys $40,000 worth of stocks in the U.S. stock market. For the U.S. we would predict ________.
A. the balance of trade will increase B. the balance of trade will decrease C. the effect on the balance of trade will depend on how the capital account changes D. the balance of trade will not change
Which of the following would NOT cause a real business cycle?
A) a sustained change in the price of oil B) a change in the money supply C) a change in technology D) a change in the composition of the labor force
Pick the economic variable that is countercyclical
a. Investment b. Government transfer payments c. Prices d. Consumption e. Nominal interest rates
If the nominal interest rate is 5 percent and the real interest rate is 2 percent, then the inflation rate is 3 percent
a. True b. False Indicate whether the statement is true or false