Coase argues that every case of externalities
a. has a clearly identifiable cause.
b. requires government intervention if efficiency is to be achieved.
c. can be traced back to a principal-agent problem.
d. is reciprocal in nature.
d. is reciprocal in nature.
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Which of the following financial securities is most liquid?
A) a cashier's check B) a share of stock C) a $20 bill D) a savings account
A decrease in the foreign interest rate causes the demand for domestic assets to shift to the ________ and the domestic currency to ________, everything else held constant
A) right; appreciate B) right; depreciate C) left; appreciate D) left; depreciate
The demand curve facing a firm is also the firm's
a. total utility curve. b. average revenue curve. c. average utility curve. d. total revenue curve.
Monopolistic competition is characterized by a few sellers offering similar products, whereas oligopoly is characterized by many sellers offering differentiated products
a. True b. False Indicate whether the statement is true or false