According to the Coase theorem, if the appropriate property right is assigned to __________, an efficient solution to an externality problem will be achieved
Fill in the blank(s) with the appropriate word(s)
Ans: Either one of the parties involved
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If a person is unemployed because their industry has moved to another country, economists refer to the person as
A. structurally unemployed. B. cyclically unemployed. C. underemployed. D. frictionally unemployed.
If marginal cost equals average variable cost, average variable cost will
A. decrease. B. increase. C. be maximized. D. be minimized.
A subsidy is
A) the revenue received from the government to produce a good or service by a public authority. B) a voucher received by the government from producers of goods and services. C) a payment that the government makes to private producers of goods and services. D) a tax imposed on the producers of certain goods or services. E) a tax imposed on the consumers of certain goods or services.
Which of the following institutions is NOT a depository institution?
A) the U.S. Treasury B) a commercial bank C) a money market mutual fund D) a thrift institution, such as a savings and loan association