What is the Coase theorem
What will be an ideal response?
The Coase theorem is a theorem which asserts that under certain conditions, the property rights to an activity will be acquired by the party that values it most.
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As price is lowered from a point higher than the equilibrium price, it will bring about
a. an increase in demand. b. a decrease in supply. c. an increase in quantity demanded. d. an increase in supply.
The natural rate of unemployment in the United States generally ________ from 1960 to 1980 and ________ from 1980 to 2000
A) fell; rose B) fell; fell C) rose; fell D) rose; rose
James Anderson used to work in a reputed multi-national company. During a recession, he lost his job. After a few years, he was unable to get a job and his son was forced to forgo his college education. Mr. Anderson's unemployment resulted in _____
a. a loss of lifetime earnings b. a loss of human capital c. the deterioration of health d. a loss of social cohesion
If the nominal interest rate is 8 percent and the inflation rate is 2 percent, the real interest rate is approximately
A) 4 percent. B) 6 percent. C) 0.25 percent. D) 10 percent.