Suppose that your roommate is very untidy. Suppose she/he gets a $100 benefit from being messy but imposes a $200 cost on you. (Assume that there are no regulations against untidiness in your living quarters.) The Coase Theorem would suggest that an efficient solution can be reached where:
a. you pay your roommate at least $100 but no more than $200 to clean up after her/himself
b. you pay your
roommate at least $201 to clean up after her/himself.
c. you continue to live with your untidy roommate until you are able to make other living arrangements elsewhere.
d. your roommate pays you at least $100 to have you clean up after her/him.
a
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________ are documents that represent agreements between two or more parties about rights to payments of money
Fill in the blank(s) with correct word
According to the diagram in the above figure, what is the marginal benefit of consuming the 3 millionth gallon of gasoline per month?
A) 5 pounds of shrimp per gallon of gasoline B) 3 pounds of shrimp per gallon of gasoline C) 2 pounds of shrimp per gallon of gasoline D) 1 pound of shrimp per gallon of gasoline
Cortez was one of the leading explorers from _____
a. England b. France c. Holland d. Portugal e. Spain
The benefits-received principle of taxation is most evident in:
a. progressive tax rates. b. excise taxes on gasoline. c. the personal income tax. d. the corporate income tax.