Which of the following must be in place for the Coase theorem to work?
a. A pollution charge placed on specific amounts of pollution
b. A marketable permit program
c. Strongly defined private property rights
d. Specific types of technology used
c. Strongly defined private property rights
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In stage III of the demographic transition,
(a) the birth rate and the death rate are relatively low. (b) the birth rate and the death rate are relatively high. (c) the birth rate is relatively high and the death rate is relatively low. (d) the birth rate is relatively low and the death rate is relatively high.
The fact that supermarkets, a land-intensive form of organization, have become the dominant form of grocery store in the United States suggests that there is little or no potential for input substitution in the grocery store business
Indicate whether the statement is true or false