Coase argued that the free market should be able to solve the externality problem without assigning property rights
a. True
b. False
B
You might also like to view...
Specialization in production
A. raises productivity. B. requires money. C. stimulates exchange. D. All of the responses are correct.
The "net export effect"
What will be an ideal response?
Most trading in the retail part of the foreign exchange market is trading done among foreign exchange traders at banks.
Answer the following statement true (T) or false (F)
The fact that business cycles are recurrent but not periodic means that
A. the business cycle's standard contraction-trough-expansion-peak pattern has been observed to occur over and over again, but not at predictable intervals. B. business cycles last a predetermined length of time, but do not all follow a standard contraction-trough-expansion-peak pattern. C. business cycles occur at predictable intervals, but do not all follow a standard contraction-trough-expansion-peak pattern. D. business cycles occur at predictable intervals, but do not last a predetermined length of time.