Applying Coase's theorem, if the cost to you from having the airplane seat in front of you reclined is ________ the benefit to the reclining passenger, you should ________
A) greater than; request a payment from the reclining passenger
B) less than; request a payment from the reclining passenger
C) greater than; make a payment to the reclining passenger
D) less than; make a payment to the reclining passenger
C
You might also like to view...
When players cannot achieve their goals because they are unable to make credible threats or promises, the situation is called a:
A. failure of dominant strategies. B. commitment problem. C. Nash equilibrium. D. prisoner's dilemma.
In 2000, total United States spending on national defense was less than five percent of GDP
a. True b. False
If the dollar rises in value against other currencies, this will
A. lower our trade deficit. B. make our exports more expensive and our imports cheaper. C. make our exports cheaper and our imports more expensive. D. make both our exports and imports more expensive.
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.