The Coase theorem is the proposition that if property rights exist and are enforced, private transactions are
A) inefficient.
B) efficient.
C) inequitable.
D) illegal.
E) unnecessary.
B
Economics
You might also like to view...
Expectations about future profitability
A) only affect the level of investment and GDP in the future. B) only affect the level of investment in the future, but can affect the level of GDP in the present. C) can affect the level of investment and GDP in the present. D) only affect the level of GDP in the future, but can affect the level of investment in the present.
Economics
The present value of receiving M dollars two years from now when the prevailing interest rate is i is equal to
a. M - i2 b. M ? i2 c. M/i d. M/(1 - i) e. M/(1 + i)2
Economics