The Coase theorem relies on internalizing externalities through ________
A) social enforcement mechanisms
B) the provision of corrective subsidies
C) the imposition of corrective taxes
D) negotiations between the parties involved
D
Economics
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Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward
a. True b. False Indicate whether the statement is true or false
Economics
Specialization—the division of labor—enhances productivity and efficiency by:
A. allowing workers to take advantage of existing differences in their abilities and skills. B. avoiding the time loss involved in shifting from one production task to another. C. allowing workers to develop skills by working on one, or a limited number, of tasks. D. all of the means identified in the other answers.
Economics