The specificity rule implies that changing property rights as a way to correct externalities is preferred to the use of government taxes and subsidies.

In the United States, where do depository institutions hold their reserves?

A) either as vault cash or on reserve with Federal Reserve district banks B) All reserves must be held at a Federal Reserve district bank. C) in accounts with the U.S. Department of the Treasury D) in their own vaults in the form of precious metals such as gold and silver

The nature of employer liability changed in the 19th century through judicial instrumentalism and had what effect?

(a) Reducing the risks and the costs of business, making business enterprise more daring and profitable than it would have been otherwise. (b) Increasing the risks and the costs of business, making business enterprise more daring and profitable than it would otherwise have been. (c) Continuing the older doctrine that employers could be found guilty of contributory negligence, thus increasing the employer's liability for worker injury. (d) None of the above were effects of the changes to the nature of employer liability.